Jorst Manufacturing Company Began Business on January 1, 2012 -
at Year-End, What Was the Balance in Work in Its

Multiple Choice

Jorst Manufacturing Company began business on January 1, 2012. During its first year of operation, Jorst worked on 5 industrial jobs, and reported the following information at year-end:
$$\begin{array} { | l | r | r | r | r | r | } \hline & \text { Job 1 } & \text { Job 2 } & \text { Job 3 } & \text { Job 4 } & \text { Job 5 } \\\hline \text { Direct Materials } & 1,000 & 7,500 & 4,000 & 3,500 & 1,500 \\\hline \text { Direct Labor } & 12,000 & 20,000 & 13,000 & 12,000 & 800 \\\hline \text { Allocated Mfg. Overhead } & 1,500 & 6,000 & 2,500 & 7,500 & 200 \\\hline \text { Job completed: } & \text { Jun 30 } & \text { Sep 1 } & \text { Oct 15 } & \text { Nov 1 } & \text { Not completed } \\\hline \text { Job sold: } & \text { Jul 10 } & \text { Sep 12 } & \text { Not sold } & \text { Not sold } & \text { N/A } \\\hline \text { Revenues: } & 25,000 & 39,000 & \text { N/A } & \text { N/A } & \text { N/A } \\\hline\end{array}$$
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At year-end, what was the balance in Work in process?

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