At the beginning of the year, Conway Manufacturing had the following account balances:

The following additional details are provided for the year:

Direct materials placed in production $81,000
Direct labor incurred $192,000
Manufacturing overhead incurred $301,100
Manufacturing overhead allocated to production $296,400
Cost of jobs completed and transferred $500,400

The ending balance in the Work-in-process inventory account is a__________.

A) Credit of $71,000

B) Credit of $2,000

C) Debit of $71,000

D) Debit of $2,000

Work-in-Process Inventory 2,000 Finished Goods Inventory 8,000 Manufacturing Overhead Cost of Goods Sold Sales Revenue