18. Stone Cliff Company manufactures custom-orderfurniture. During 2020, actual manufacturing overhead totaled $720,000. Based on the 2020 results, and projected production for 2021, management prepared the 2021 budget and estimated that manufacturingoverhead would total $800,000. The estimated number of direct labor hoursfor 2021 is 50,000, and the estimated amount of direct labor costis $1,000,000. The company plans to use direct labor hours as the basis to allocate overheadto jobs. During May and June 2021, employees worked on the following four jobs: Monthly data Job X43 Job X87 Job Z22 Job A33 May Direct materials $86,000 $72,000 $44,000 $38,000 Direct labor cost $101,000 $91,000 $78,000 $52,000 Direct labor hours 5,050 4,550 3,900 2,600 June Direct materials $24,000 $41,000 $35,000 $24,000 Direct labor cost $28,000 $52,000 $62,000 $32,800 Direct labor hours 1,400 2,600 3,100 1,640 All jobs were started in May.Jobs X87 and A33 were completed and delivered to customers during June. What is the balance of the Work in Process Inventory account on June 302 a. $342,200 b. $673,200 $458,000 d. $215,200 CH