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The Genesis Company uses a job-order cost system. The following data were recorded for May: Job Number Work in Progress Direct Materials Direct Labour 1

The Genesis Company uses a job-order cost system. The following data were recorded for May:
Job Number Work in Progress Direct Materials Direct Labour
1 4,500 450 500
2 3,000 750 600
3 900 650 150
4 1,300 450 900

Overhead is charged to production at 65% of direct materials cost. Jobs 1,2 and 3 were completed during May and transferred to finished goods.

Jobs 1 and 2 have been delivered to customers. Calculate Genesis's work in progress stock balance at the end of May. (To 2 decimal places)

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