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 5,200 7,000 4,900 8222 7,000 12 6,000 5,100 25 2,300 27 4,000 3,400 14,500 17,000 13,400 Cost of completed job: Direct materials $14,500 Direct labor 17,000 Manufacturing overhead 13,400 Total cost $44,900 Unit cost ($44,900 2,000) $22.45 (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