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 5,100 7,000 4,900 8 7,000 12 8,000 6,000 27 22 25 2,100 4,000 3,000 14,200 19,000 13,900 Cost of completed job: Direct materials $14,200 Direct labor 19,000 Manufacturing overhead 13,900 Total cost $47,100 Unit cost ($47,100 + 2,000) $23.55 (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 $ 17000