A company requisitioned exist40,000 of materials during the year and incurred direct labor charges of exist50,000. If the company began the year with a work-in-process inventory balance of exist15,000 and applied overhead of exist60,000, what is the ending balance of work-in-process inventory assuming no goods were moved to finished goods inventory for the year? exist135,000 exist150,000 exist165,000 exist85,000