Addison Company uses a job costing system. Addison Company's schedule of cost of goods manufactured showed the following amounts for the month ended August 31. Cost of goods manufactured Cost of direct materials used Cost of direct labour ($25 per hour) Work in process inventory, August 1 $101,000 38,000 80,000 12,000 Manufacturing overhead cost is allocated at the rate of $10 per direct labour hour. Actual manufacturing overhead costs for August amount to $42,000. What is the amount of work in process inventory (after any adjustment for overallocated or underallocated manufacturing overhead) on August 31 at Addison Company? A. $113,000 B. $160,000 C. $61,000 D. $30,000