A job order cost sheet for Ryan Company is shown below. Job No. 92 Direct Materials Direct Labor For 2,000 Units Manufacturing Overhead 4,200 Date Beg. bal. Jan. 1 8 6,000 5,200 6,000 12 10,000 7,500 25 2.700 27 4,000 3,000 14,700 13,900 20,000 Cost of completed job: Direct materials Direct labor Manufacturing overhead Total cost Unit cost ($48,600 + 2,000) $13,900 20,000 14,700 $48,600 $24.30 (a) On the basis of the foregoing 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