10 Refer to the following selected financial information from Texas Electronics. Compute the company's days" sales in inventory for Year 2. (Use 365 days a year.) Cash Year 2 Year 1 $ 39,500 $ 34.250 Short-term investments 110,000 70,000 Accounts receivable, net 95,500 89,500 Merchandise inventory 131,000 135,000 Prepaid expenses 14,100 11,700 Plant assets 398,000 348,000 Accounts payable 103,400 117,800 Net sales 721,000 686,000 Cost of goods sold 400,000 385,000 55.7. 87.1. 48.3. C119.5. 46.7. QUESTION 18 Job A3B was ordered by a customer on September 25. During the month of September, Jaycee Corporation used $2,000 of direct materials and used $3,500 of direct labor. The job was not finished in September. An additional $2,500 of direct materials and $5,500 of direct labor were needed to finish the job in October. The company applies overhead at the end of each month at a rate of 200% of the direct labor cost incurred. What is the balance in the Work in Process account at the end of September relative to Job A3B? $12,500 $9,000 $8,000 $4,500 $5,500