Reference no: EM131896235

At January 1, 2020, Betty DeRose, Inc. reported work in process totaling $18,670.

This balance was made up of three jobs having the following costs:

                                    Job #171      Job #236      Job #412
  total cost at Jan. 1, 2020 .....   $4,390        $6,370        $7,910

During 2020, Betty DeRose reported the following transactions:

a. Direct materials used were: Job #171, $6,700; Job #236, $4,100; and Job #412, $3,900.

b. Direct labor incurred was: Job #171, $5,000; Job #236, $2,800; and Job #412, $3,000.

c. Overhead was applied to jobs at a rate of 85% of direct labor cost.

d. Job #171, which consisted of 150 units, was completed and transferred to the finished goods warehouse.

e. Job #412, which consisted of 250 units, was completed and transferred to the finished goods warehouse.

f. 55 units from Job #171 were sold and shipped to the customer; the 55 units were sold at a total selling price of $12,000.

g. The actual overhead cost incurred during 2020 amounted to $10,000.

Calculate Betty's work in process inventory balance at December 31, 2020.