Apple recorded the following information related to their inventory accounts for 2016:
January 1, 2016 December 31, 2016
Direct materials 10,000 17,000
Work in process 11,000 ?
Finished goods 16,000 9,000
Additional information is as follows:
Direct materials purchased .......... $19,000
Direct labor ........................ 15,000
Actual manufacturing overhead ....... 16,000
Applied manufacturing overhead ...... 14,000
Net income .......................... 30,000
S&A expenses ........................ 20,000
Sales revenue ....................... 90,000
Calculate the work in process inventory balance on December 31.