Connecticut Manufacturing began business on January 1. During its first year of operation, Connecticut worked on five industrial jobs and reported the following information at year-end:
| Job 1 | Job 2 | Job 3 | Job 4 | Job 5 | |
| Direct Materials | 2,300 | 7,900 | 4,000 | 3,500 | 1,500 |
| Direct Labor | 14,000 | 23,000 | 13,000 | 12,000 | 800 |
| Allocated Mfg. Overhead | 1,600 | 6,500 | 2,500 | 7,500 | 200 |
| Job completed: | Jun 30 | Sep 1 | Oct 15 | Nov 1 | Not completed |
| Job sold: | Jul 10 | Sep 12 | Not sold | Not sold | N/A |
| Revenues: | 47,000 | 41,000 | N/A | N/A | N/A |
Connecticut’s allocation of overhead costs left a debit balance of $1,400 in the Manufacturing Overhead account, which was adjusted to zero at year-end. What was the final balance in Cost of Goods Sold for the year ended December 31?
