34) On January 1, 2014, Maywood Inc. Work- in- Process Inventory account had a balance of $30,000. During 2014, $58,000 of direct materials was placed into production. Manufacturing wages incurred amounted to $84,000, of which $66,000 were for direct labor. Manufacturing overhead is allocated on the basis of 120% of direct labor cost. Actual manufacturing overhead was $90,000. jobs costing $220,400 were completed during 2014. What is the December 31, 2014 balance of Work-in- Process Inventory? A) $6,000 B) $12,800 C) $34,800 D) $16,800