Hyperion Electronics utilizes a job order cost system based upon normal costs to cost each job. There are two direct cost categories (direct materials and direct manufacturing labor) and one indirect-cost pool (manufacturing overhead), which is allocated on the basis of direct materials costs.Budgeted allocation rate is 120% of direct materials cost, i.e., $1.2/$DM. Beginning inventory balance Materials $4000 Work in Process $0 Finished Goods $0Production activities: Direct materials used Job No. 1  $850 Job No. 2  $1,200 Job No. 3  $900 Direct manufacturing labor Job No. 1  $360 Job No. 2  $1,100 Job No. 3  $500Actual manufacturing overhead $3,620Manufacturing overhead allocated ? Jobs 1, 2 were completed during the period. Job 1 was sold during the period.At year-end, the company disposes of any amounts of over- or under-applied overhead by writing off the amount to cost of goods sold account.Calculate the company's Work in Progress inventory ending balance.简答题