At the Beginning of 2015,Swift Inc

Multiple Choice

At the beginning of 2015,Swift Inc.Work-in-Process Inventory account had a balance of $120,000.During 2015,$250,000 of direct materials were used in production,and $75,000 of direct labor costs were incurred.Manufacturing overhead amounted to $850,000.The cost of goods manufactured was $675,000.What is the balance in the Work-in-Process Inventory account on December 31,2015?

A) $230,000
B) $1,295,000
C) $675,000
D) $620,000