Mannix Manufacturing Had the Following Production Data for the Month

Multiple Choice

Mannix Manufacturing had the following production data for the month ended April 30, 20XX, with a beginning balances in the Work-In-Process Inventory of $0 and Finished Goods Inventory account of $13,000:

April 9: Requisitioned $54,000 of direct materials into production and assigned $58,000 of direct labor to production.
April 17: Added $32,000 of manufacturing overhead to production.
April 27: Completed production on 80% of the production and transferred the completed units to finished goods inventory.
April 30: Sold 40% of the products in finished goods inventory.

The balance in the Finished Goods inventory at the end of the month would be

A) $56,120
B) $69,120
C) $75,360
D) $76,920