ayland Manufacturing uses a job costing system and had the following data available for 20x5: Direct materials purchased on account Direct materials requisitioned Direct labor cost incurred $ 74,000 41,000 65,000 Factory overhead incurred Cost of goods completed Cost of goods sold 73,000 146,000 128,000 Beginning direct materials inventory Beginning WIP inventory Beginning finished goods inventory Overhead application rate, as a percent of direct-labor costs 13,000 32,000 29,000 125 percent 3) The ending balance of work-in-process inventory is: A) $211,000 B) $73,250 C) $65,000 D) $219,250 4) The ending balance of finished goods inventory is: A) $47,000 B) $18,000 C) $29,000 D) $146,000 D-1