Question: Please help me with this: Analyze a job cost sheet and prepare entries for manufacturing costs: see instructions below E20.3 (LO 1, 2, 3, 4),
Please help me with this: Analyze a job cost sheet and prepare entries for manufacturing costs: see instructions below

E20.3 (LO 1, 2, 3, 4), AP A job cost sheet for Ryan Company is shown below. Analyze a job cost sheet and prepare entries for manufacturing costs. Instructions 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? 2. If manufacturing overhead is applied on the basis of direct labor cost, what overhead rate was used in each year? b. Prepare summary entries at January 31 to record the current year's transactions pertaining to Job No. 92
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