A company that uses job order costing reports the following information Overhead is applied at the rate of 60% of direct materials. The company has no beginning Work in Process or Finished Goods Inventories. Jobs 1 and 3 are not finished by the end of March, and Job 2 is finished but not sold by the end of March Direct materials used Direct labor used Job 1 Job 2 $ 12,000 $ 16,000 $ 20,000 $ 10,000 Job 3 $ 5,000 $ 8,000 Determine the total dollar amount of Work in Process Inventory at the end of March Multiple Choice $34.400 $7000 $89,600 o $55.200 Multiple Choice $34,400. $7,000. $89,600. O $55,200. $44,200