A new company started production. Job 1 was completed, and Job 2 remains in production. Here...

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A new company started production. Job 1 was completed, and Job 2 remains in production. Here is the information from the job cost sheets from their first and only jobs so far: Job 1 Hours Total Cost Job 2 Hours Total Cost Direct materials $ 375 Direct labor 231 5,313 Direct materials Direct labor $ 405 85 1,955 Manufacturing overhead 4,620 Manufacturing overhead 1,700 Total cost $10,308 Total cost $4,060 NOTE: Enter numbers rounded to the nearest whole dollar. What is the balance in work in process? What is the balance in the finished goods inventory? If manufacturing overhead is applied on the basis of direct labor hours, what is the predetermined overhead rate? per direct labor hour + A new company started production. Job 1 was completed, and Job 2 remains in production. Here is the information from the job cost sheets from their first and only jobs so far: Job 1 Hours Total Cost Job 2 Hours Total Cost Direct materials $ 375 Direct labor 231 5,313 Direct materials Direct labor $ 405 85 1,955 Manufacturing overhead 4,620 Manufacturing overhead 1,700 Total cost $10,308 Total cost $4,060 NOTE: Enter numbers rounded to the nearest whole dollar. What is the balance in work in process? What is the balance in the finished goods inventory? If manufacturing overhead is applied on the basis of direct labor hours, what is the predetermined overhead rate? per direct labor hour +