Midtown, Inc. uses a predetermined overhead allocation rate of $67 per direct labor hour. In January, the company completed Job A23 which utilized 24 direct labor hours. Which of the following correctly describes the journal entry to allocate overhead to the job? Jupiter Manufacturing began business on January 1. During its first year of operation, Jupiter worked on five industrial jobs and reported the following information at year end: Job 1 Job 2 Job 3 Job 4 Job 5 Direct Materials $1,000 $7,500 $4,000 $3,500 $1800 Direct Labor 12,000 20,000 13.000 12,000 900 Allocated Mfg. Overhead 1,500 6.000 2,500 7,500 200 Job completed: Jun 30 Sep 1 Oct 15 Nov 1 Not completed Job sold: Jul 10 Sep 12 Not sold Not sold N/A Revenues: $25,000 $39,000 N/A N/A N/A What was the balance in Work-in-Process Inventory at year-end