Redwoods Company Designs and Builds Exotic Furniture for Individual Customers

Multiple Choice

Redwoods Company designs and builds exotic furniture for individual customers.On March 1, there were two jobs in process: Job 400 with a beginning balance of $23,000 and Job 402 with a beginning balance of $6,000.Overhead costs are applied by using a rate of 50% of direct labor costs.Both jobs are unfinished on March 31.Data on March costs for both the jobs are as follows:
What is the total of the work-in-process account on March 31?

A) $45,000
B) $58,490
C) $70,500
D) $38,00
E) None of these