118. Serritella Manufacturing Corporation uses a job-order costing system. At the beginning of the year, Serritella had $38,000 in its Work in Process inventory account. The following information relates to Serritella's operations for the year: S114,000 $78,000 Direct materials cost assigned to production ........ Direct labor cost assigned to production... Selling, general, and administrative expenses incurred. Manufacturing overhead cost incurred. Underapplied manufacturing overhead cost...... Cost of goods manufactured ....... Cost of goods sold............... S296.000 $11,000 $502,000 $509,000 What is the balance in Serritella's Work in Process inventory account at the end of the year? (Assume that the Manufacturing Overhead account has not yet been closed out.) A. $13,000 B. $24,000 C. $35,000 D. $60,000