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: $$\begin{array} { | l | r | r | r | r | r | } \hline & \text { Job 1 } & \text { Job 2 } & \text { Job 3 } & \text { Job 4 } & { \text { Job 5 } } \\\hline \text { Direct Materials } & 1,000 & 7,500 & 4,000 & 3,500 & 1,500 \\\hline \text { Direct Labor } & 12,000 & 20,000 & 13,000 & 12,000 & 800 \\\hline \text { Allocated Mfg. Overhead } & 1,500 & 6,000 & 2,500 & 7,500 & 200 \\\hline \text { Job completed: } & \text { Jun 30 } & \text { Sep 1 } & \text { Oct 15 } & \text { Nov 1 } & \begin{array} { r } \text { Not } \\\text { completed }\end{array} \\\hline \text { Job sold: } & \text { Jul 10 } & \text { Sep 12 } & \text { Not sold } & \text { Not sold } & \text { N/A } \\\hline \text { Revenues: } & 25,000 & 39,000 & \text { N/A } & \text { N/A } & \text { N/A } \\\hline\end{array}$$ At year-end, what was the balance in Work-in-Process Inventory?

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