Ruby Company is a job-order firm that follows a normal costing approach. Consider the following information regarding Ruby Company:\ \ Job 26 Job 27 Job 28\ Beginning balance $ 500 $ 0 $ 0\ Materials requisitioned 5,000 4,800 4,500\ Direct labor cost 2,400 2,250 1,900\ Applied overhead 1,800 1,560 1,320\ Total cost $9,700 $8,610 $7,720\ \ During January, Jobs 26 and 27 were completed, and Job 26 was sold at 125% of cost. Job 28 remains unfinished at the end of the month. Assuming the beginning balance of Finished Goods is $2,000, calculate the ending balance of Finished Goods for January.\ a. $10,610\ b. $9,720\ c. $11,700\ d. $10,810