Wright Corporation had the following information available for December of the current year: 
Plantwide overhead rate is 150% of direct labor costs.Job cost sheets had the following balances:
Jobs Z3 and Z4 were not completed at the end of December.What is the balance in work-in process for Wright at the end of December?
Definitions:
Insurable Interests
A legal requirement indicating that a person must have a legitimate stake in the safety or preservation of an item or life to insure it.
Investment Lenders
Professionals or institutions that provide capital to companies, individuals, or investors in exchange for interest payments and repayment of the principal at a future date.
Business Venture
An entrepreneurial enterprise or company with the aim to operate for profit by offering goods or services.
Straight Life Insurance
A type of life insurance policy that provides coverage for the insured's lifetime, with premiums typically paid until death.
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