Barnacle Industries incurred and applied the following manufacturing costs:

Direct material	$	39,000
Direct labor		26,000
Manufacturing overhead		52,000

During 20x2, Barnacle finished products costing $78,000. Products costing $32,500 were sold for $41,600. What is the balance of Work-in-Process on Barnacles balance sheet as of December 31, 20x2?

Multiple Choice

• $117,000

• $84,500

• $75,400

• $39,000

• $45,50