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Warren Manufacturing began business on January 1. During its first year of operation, Warren worked on five industrial jobs and reported the following information at

Warren Manufacturing began business on January 1. During its first year of operation, Warren 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 5,000 3,300 1,500

Direct Labor 12,000 20,000 13,400 12,000 800

Allocated Mfg. Overhead 1,500 6,000 2,300 7,600 200

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 Finished Goods Inventory at year-end?

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