Wavy Company Had a Beginning Work in Process Inventory Balance

Multiple Choice

Wavy Company had a beginning work in process inventory balance of $32,600. During the year, $54,600 of direct materials was placed into production. Direct labor was $63,900, and indirect labor was $20,300. Manufacturing overhead is allocated at 140% of direct labor costs. Actual manufacturing overhead was $86,500, and jobs costing $225,500 were completed during the year. What is the ending work in process inventory balance?

A) $185,960
B) $12,100
C) $15,060
D) $89,460