Question 32 A compnay began business on January 1. During its first year of operation, they 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 1,700 Direct Labor 12,000 20,000 13,000 12,000 700 Allocated Mfg. Overhead 1,500 6,000 2,500 7,500 400 Not Job completed: Jun 30 Job sold: Revenues: Jul 10 25,000 Sep 1 Oct 15 Sep 12 Not sold 39,000 N/A Nov 1 completed Not sold N/A N/A N/A What was the balance in WIP ventory at year-end? O $2,800 O $2,400 O $2,100 O $1,100 3.4 pts