Question 16 Ij-4A Company began operations in 2026. During the year, the company worked on three jobs. Information related to these three jobs is given below: Job #3-C direct materials direct labor cost Job #1-A Job #2-B $49,700 $72,900 $31,000 $53,500 $74,800 $34,600 By the end of the year, Job #1-A and Job #2-B had been completed. Job #3-C was not completed by the end of 2026. Additionally, by the end of 2026, one-half of Job #2-B had been sold. None of the units from Job #1-A had been sold by the end of 2026. Overhead is applied to jobs using a pre-determined rate of 75% of direct labor cost. The actual overhead cost incurred during 2026 amounted to $127,240. Calculate the work in process inventory balance at December 31, 2026