A job order cost sheet for Cullumber Company is shown below.

Job No$.92$

For $2,000$ Units

Date

Direct

Materials

Direct

Labor

Manufacturing

Overhead

Beg. bal. Jan. $1$

$5,900$

$7,000$

$4,900$

$8$

$7,000$

$12$

$8,000$

$6,000$

$25$

$2,400$

$27$

$4,000$

$3,000$

$15,300$

$19,000$

$13,900$

Cost of completed job:

Direct materials

$$15,300$

Direct labor

$19\mathrm{.}000$

Manufacturing overhead

$13,900$

Total cost

$$48,200$

Unit cost $($$$48,200-$: $2,000)$

$$24\mathrm{.}10$

$($a$)$ On the basis of this data, answer the following questions.

$(1)$ What was the balance in Work in Process Inventory on January $1$ if this was the only unfinished job?

Balance in Work in Process Inventory on January $1$

$

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Cost of completed job:

Direct materials

$$15,300$

Direct labor

$19\mathrm{.}000$

Manufacturing overhead

$13,900$

Total cost

$$48,200$

Unit cost $($$$48,200-$: $2,000)$

$$24\mathrm{.}10$

$(2)$ If manufacturing overhead is applied on the basis of direct labor cost, what overhead rate was used in each year? $($Round answers to $0$ decimal places, e$.$g$.55\%.)$

Last year

Current year

Overhead rate

$\%$

$\%$

$($b$)$ Prepare summary entries at January $31$ to record the current year's transactions pertaining to Job No$.92.($List all debit entries before credit entries. Credit account titles are automatically indented when amount is entered. Do not indent manually.$)$

Date

Account Titles and Explanation

Debit

Credit

Jan. $31$

$($To record raw materials used$)$

$31$

$($To record factory labor used$)$

$31$

SUPPORT

$($To record manufacturing overhead$)$

$31$