Assume that a company makes only one product, maintains no beginning or ending inventories, and uses a standard costing system. The standard cost card for that product is shown below: The company purchased 22,000 pounds of direct materials from its supplier at a cost of $12.50 per pound. The company used 22,000 pounds of direct material to start and complete 7,800 units of finished goods during the period. Its direct laborers worked 16,000 hours and were paid a total of $248,000. Based on this information, the total increase recorded in the Work in Process account related to fixed manufacturing overhead would be: Multiple Choice $124,800. $128,000. $126,800. $122,000