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

Job No. 92

For2,000Units

Date

Direct

Materials

Direct

Labor

Manufacturing

Overhead

Beg. bal. Jan. 15,0006,0004,20086,000128,0006,400252,000274,0003,20013,00018,00013,800

Cost of completed job:Direct materials$13,000Direct labor18,000Manufacturing overhead13,800Total cost$44,800Unit cost ($44,800 2,000)$22.40

(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?