Accounts, Cost Flows [LO4 - CC- LO6 - CC12; L07 - CC14; LO8 - CC18] CHECK FIGURE (3) Underapplied by $11,000 4 NI: $23,000 Almeda Products, Inc. uses a job-order costing system. The company's inventory balances on April 1, the start of its fiscal year, were as follows: Raw materials $52,000 Work in process 40,000