[Note] This question and the next question (or the previous question) are based on the same data! On March 1, Sangvikar Company's Work-In-Process inventory consisted of two jobs with the following costs: Job 101 Job 102 Direct materials Direct labor Applied overhead $1,200 1,500 900 $2,400 1,200 1,800 During March, two more jobs were started. Below is the information on costs added to the four jobs during the month. Job 101 Job 102 Job 103 Job 104 Direct materials Direct labor $500 800 $1,000 600 $1,400 2,000 $ 700 1,200 Jobs 101 and 103 were completed; On March 31, Job 101 were sold at cost plus 40%. Assume that overhead is applied on the basis of 80% of direct labor cost during March regardless of how overhead was assigned in the last period. What would be the ending balance of Work-In- Process as of March 31? O $15,880 O $4,940 O $10,340 O $10,260 Assume that overhead is applied on the basis of direct materials charged on jobs. What would be the predetermined overhead rate to be used for overhead cost assignment during March if the company continues to use the same rate that was used in the last period? O $1.33 O $1.50 O $0.60 O $0.75