Iron, Inc. designs and builds basketball gymnasiums. Each gymnasium is custom-built to individual customers' specifications. Iron uses job-order costing to keep track of its costs. In February it worked on three jobs. Data for these jobs are as follows: Job 177 Job 178 Job 179 Balance 2/1 $13,790 $ 0 $ 0 Direct Materials 16,759 8,147 31,357 Direct Labor Cost 23,048 7,518 45,269 Machine Hours 400hrs. 300hrs. 2,000hrs. Overhead is applied to jobs at the rate of $30 per machine hour. By February 28, Job 178 is the only one unfinished. Jobs 177 and 179 are sold during February. Iron sells its product at cost plus 40%. Calculate the balance of Work-in-Process on February 28.