212. Gregg Industries manufactures molded chairs. The three models of molded chairs, which are all variations of the same design, are Standard (can be stacked), Deluxe (with arms), and Executive (with arms and padding). The company uses batch manufacturing and has an operation costing system. Gregg has an extrusion operation and subsequent operations to form, trim, and finish the chairs. Plastic sheets are produced by the extrusion operation, some of which are sold directly to other manufacturers. During the forming operation, the remaining plastic sheets are molded into chair seats and the legs are added; the standard model is sold after this operation. During the trim operation, the arms are added to the deluxe and executive models and the chair edges are smoothed. Only the executive model enters the finish operation where the padding is added. All of the units produced are subject to the same steps within each operation. The units of production and direct materials costs were as follows: 281 Assume that 1,000 units of the deluxe model remained in work-in-process at the end of the period and that these units were 100% complete as to materials and 60% complete as to trim operation conversion. What is the balance of work-in-process? A. $69,000 B. $42,000 C. $64,500 D. $69,300