XYZ Company recorded the following information related to their inventory accounts for January: January 1, 2013 January 31, 2013 Direct materials 10,000 17,000 Work in process 11,000 ? Finished goods 16,000 9,000 Additional information is as follows: Direct materials purchased .......... $19,000 Direct labor ........................ 15,000 Applied overhead .................... 16,000 Net income .......................... 30,000 S&A expenses ........................ 20,000 Sales revenue ....................... 90,000 Assume there was no overhead variance (i.e., actual overhead = applied overhead). 

Calculate the work in process inventory balance on January 31