A job order cost sheet for Ryan Company is shown below. Job No. 92 For 2,000 Units Date Direct Materials Direct Manufacturing Labor Overhead Beg. bal. Jan. 1 6,300 7,000 4,900 8 7,000 12 8,000 6,400 25 2,600 27 4,000 3,200 15,900 19,000 14,500 Cost of completed job: Direct materials $15,900 Direct labor 19,000 Manufacturing overhead 14,500 Total cost $49,400 Unit cost ($49,400 2,000) $24.70 (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 $ 182000