Jorst Manufacturing Began Business on January 1, 2015 At Year-End, What Was the Balance in Work-In-Process Inventory?
A)

Jorst Manufacturing began business on January 1, 2015. During its first year of operation, Jorst worked on five industrial jobs and reported the following information at year-end: $\begin{array}{c}\begin{array}{|l|}\hline\\\hline \text { Direct Materials}\\\hline \text { Direct Labor}\\\hline \text { Allocated Mfg. Overhead}\\\hline \\\text { Job completed:}\\\hline \text { Job sold:}\\\hline \text { Revenues:}\\\hline\end{array}\begin{array}{r|}\hline \text {Job 1}\\\hline1,000\\\hline12,000\\\hline1,500\\\hline\\ \text {Jun 30}\\\hline \text {Jull 10}\\\hline 25,000\\\hline \end{array}\begin{array}{r|}\hline \text {Job 2}\\\hline7,500\\\hline20,000\\\hline6,000\\\hline\\ \text {Sep1}\\\hline \text {Sep 12}\\\hline39,000\\\hline \end{array}\begin{array}{r|}\hline \text {Job 3}\\\hline4,000\\\hline13,000\\\hline2,500\\\hline\\ \text {Oct 15}\\\hline \text {Not sold }\\\hline \text {N/A }\\\hline \end{array}\begin{array}{r|}\hline \text {Job 4}\\\hline3,500\\\hline12,000\\\hline7,500\\\hline\\ \text {Nov 1}\\\hline \text {Not sold }\\\hline \text {N/A }\\\hline \end{array}\begin{array}{r|}\hline \text {Job 5}\\\hline1,500\\\hline800\\\hline200\\\hline\text { Not } \\ \text {completed }\\\hline \text {N/A }\\\hline \text {N/A }\\\hline \end{array}\end{array}$
At year-end, what was the balance in Work-in-Process Inventory?

A) $2,500
B) $25,500
C) $45,000
D) $15,500