Archetype Fabrication Makes Pre-Stressed Concrete Forms for the Building Industry

Multiple Choice

Archetype Fabrication makes pre-stressed concrete forms for the building industry. They use just-in-time production and accounting methodology. At the beginning of January, selected account balances are shown in the T-accounts below. During January, the following 5 transactions take place:
Use the T-accounts shown above to record the transactions, and then answer the following question:
After transaction number 3, what was the balance in the Raw and in-process inventory account?

A) $40,000
B) $76,000
C) $67,000
D) $42,000