25) Figure 5-5 (4pts) Tonneau Corporation had the following information available for October 2016: Work in Process, October 1 $20,000 Materials placed into production, October 27,500 Direct labor, October 37,500 Factory overhead rate is 150 percent of direct labor costs. Job cost sheets had the following balances: Job Z1 $32,500 Job Z2 55,000 Job Z3 35,000 Job 24 18,750 Jobs Z3 and Z4 were not completed at the end of December. Refer to Figure 5-5. What is the balance in Work-in-Process for Tonneau at the end of October? Job Z3 35,000 Job Z4 18,750 Jobs 23 and 24 were not completed at the end of December. Refer to Figure 5-5. What is the balance in Work-in-Process for Tonneau at the end of October? $85,000 $87,500 $56,250 $53,750