Diamond Design Company makes custom chairs for individual customers. On September 1, there was one job in process, Job 243, with a cost of $2,000. Jobs 244, 245, and 246 were started during the month of September. Data on costs added during the month are as follows:
Job 243 Job 244 Job 245 Job 246Direct Materials $9,000 $2,280 $6,700 $8,000Direct Labor 2,240 1,000 2,300 2,530Overhead is applied to production at the rate of 60% of direct labor cost. Job 245 was completed on September 14 and the client was billed at cost plus 40%. All other jobs remained in process.
Calculate the balance in Work-in-Process on September 30.a. $15,820b. $17,717c. $30,512d. $22,875e. $32,820