xercise 20-03 A job order cost sheet for Ryan Company is shown below. Job No.92 For 2,000 Units DirectDirectManufacturing Materials Labor Date Overhead Beg. bal. 5,900 7,000 4,900 Jan. 1 8 12 25 27 7,000 8,000 6,000 2,400 4,000 15,300 19,000 3,000 13,900 Cost of completed job: Direct materials Direct labor $15,300 19,000 13,900 $48,200 $24.10 Manufacturing overhead Total cost Unit cost ($48,2002,000) (a) On the basis of the foregoing data, answer the following questions. (1) What was the balance in Work in Process Inventory on January 1 if this was the only unfinished job? Balance in Work in Process Inventory on January 1