A job order cost sheet for Ryan Company is shown below. Job No. 92 Date Beg. bal. Jan. 1 8 12 Total cost 25 27 Direct Materials Cost of completed job: Direct materials Direct labor 6,700 7,000 2,800 16,500 Manufacturing overhead Unit cost ($52,900 2,000) Direct Labor 7,000 10,000 4,000 21,000 $16,500 21,000 15,400 $52,900 $26.45 For 2,000 Units Manufacturing Overhead Balance in Work in Process Inventory on January 1 4,900 LA 7,500 15,400 (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? $ 3,000

A job order cost sheet for Ryan Company is shown below. (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