Chapter 17, Problem 1QS

General accounting question

Correct answer please

Harrison Manufacturing had a beginning work in process inventory balance of $40,500. During the year, $89,000 of direct materials were placed into production. Direct labor costs totaled $72,600, and indirect labor was $24,500. Manufacturing overhead is allocated at 125% of direct labor costs. Actual manufacturing overhead was $95,000, and jobs costing $275,000 were completed during the year. Compute the ending work in process inventory balance.