At the beginning of 2012, Conway Manufacturing Company had the following account balances: WIP Inventory FG Inventory Manufacturing O/H 2.000 8 000 During the year, the following transactions took place: Direct materials placed in production $80,000 Direct labor incurred: $190.000 Manufacturing overhead incurred $300 000 Manufacturing overhead allocated to production: $295.000 Cost of Jobs Completed $500 000 Selling Price of Jobs Sold $750 000 Cost of Jobs Sold $440.000 After these transactions have been recorded, the balance in the Work in process account is a: Select one: a. debit of $67,000 b. credit of $63,000 c. debit of $70,000 d. debit of $72,000