A job order cost sheet for Standish Ltd is shown below:

Job order no. 92		For 2000 units
Date	Direct Materials	Direct Labour	Manufacturing Overhead
Beg. bal. Jan.  1	7 000	8 000	5 200
5	5 000
12		7 000	4 900
25	4 000
27		5 000	3 500
	$16 000	$20 000	$13 600
Cost of completed job:
Direct materials			$16 000
Direct labour			20 000
Manufacturing overhead			13 600
Total cost			$49 600
Unit cost ($49 600 / 2000)			$ 24.80

Required

A. What was the balance in Work in Process Inventory on 1 January if this was the only unfinished job? If manufacturing overhead is applied on the basis of direct labour cost, what overhead rate was used last year?

B. Prepare summary entries at 31 January to record the current year’s transactions pertaining to Job 92.