ABC Company reports the following job costs: Job 1: $1,000 of direct materials + 2,200 of direct labor + $1,800 of overhead applied = $5,000 total job cost Job 2: $1,500 of direct materials + 2,500 of direct labor + $3,000 of overhead applied = $7,000 total job cost Job 3: $11,000 of direct materials + 4,000 of direct labor + $5,000 of overhead applied = $20,000 total job cost Job 4: $900 of direct materials + 1,200 of direct labor + $800 of overhead applied = $3,000 total job cost Job 5: $4,000 of direct materials + 5,000 of direct labor + $3,000 of overhead applied = $12,000 Jobs 2 and 3 have been sold. Jobs 1 and 4 are still in process. Job 5 is finished and waiting to be sold. How much should be reported for work in process inventory for ABC? Select one: O a. $47,000 ob. $5,000 O c. $20,000 O d. $8,000