$0 $28,000 The following account balances at the beginning of January were selected from the general ledger of Fresh Bagel Manufacturing Company Work in process inventory Raw materials inventory Finished goods inventory $41,000 Additional data 1. Actual manufacturing overhead for January amounted to $63,800 2. Total direct labor cost for January was $64,000 3. The predetermined manufacturing overhead rate is based on diroct labor cost. The budget for the year called for $250,000 of direct labor cost and $350,000 of 4. The only job untirished on January 31 was Job No. 151, for which total direct labor charges were $5,700 (1,100 direct labor hours) and total direct material charges were $14,100 5. Cost of direct materials placed in production during January totaled $123,500. There were no indirect material requisitions during January 8. January 31 balance in raw materials inventory was $35,300 7. Finished goods inventory balance on January 31 was $34,600 What is the work in process inventory balance on January 31? O A $93,514 OB $65,514 OC. $7,080 OD. $27,780 Blossom Company has two sequential processing departments. Assembly and Shaping The Shaping Dopartment reports the following information Conversion costs are applied evenly throughout the process. Beginning WIP Inventory 9,000 units Transferred - in costs in beginning WIP Inventory $98,000 Direct materials costs in beginning WIP Inventory $25,600 Conversion costs in beginning WIP Inventory $23,750 Units transferred-in 47000 units Transferred - in costs $645,000 Units completed 43,000 Costs added: materials $155,040 Costs added conversion $230,710 Ending WIP Inventory 13,000 units (50% complete for materials and 40% complete for conversion) What would have been the journal entry to record the transfer of product from the assembly department to the Shaping Department? OA. WIP-Assembly (De), WIP-Shaping (C) 645,000 OB. WIP-Assembly (Dr): WIP-Shaping (Cr) 743,000 OC. WIP_Shaping (Dr); WIP Assembly (Cr) 743,000 OD. WIP_Shaping (Dr); WIPAssembly (CT) 645,000