Accounts of a manufacturing entity 25. The work in process inventories of ABC Manufacturing, Inc. were completely destroyed by fire on June 1, 20x1. Amounts for the following accounts have been established. January 1.20x1 June 1. 20x1 Accounts payable 117,000 135,000 Raw materials 15,000 18,000 Work in process 60,000 ? Finished goods 69,000 87,000 . The following additional information was determined: Payments to suppliers for purchases on account, #60,000. Freight on purchases, P3,000. Purchase returns, 27.500. Direct labor, 248,000. Production overhead, 18,000. Sales from January 1 to May 31, P225,000. Sales returns, P45,000. Sales discounts, P15,000. Gross profit rate based on sales, 25%. . How much is the work in process destroyed by fire? a. 48.000 b. 49.500 c. 58.500 d. 51.000