22 Mendez Incorporated had the following information for the preceding year: 01:22:09 Work in Process Inventory Mc Graw Beginning Inventory (1/1) Ending Inventory (12/31) $ ?? $ 39,600 ?? $ 36,600 Finished Goods Inventory Additional information for the year is as follows: Direct materials used Direct labor Manufacturing overhead applied Cost of goods manufactured Cost of goods sold $ 204,900 154,800 160,900 534,200 553,000 What was the beginning Work in Process Inventory balance on 1/1? Multiple Choice $81,800 $76,200