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Basil Industries reported the following information for December: Beginning balance, Raw Materials Inventory $187,500 Beginning balance, Work in process Inventory 300,000 Beginning balance, Finished Goods

Basil Industries reported the following information for December:

Beginning balance, Raw Materials Inventory $187,500
Beginning balance, Work in process Inventory 300,000
Beginning balance, Finished Goods Inventory 106,250
Purchases of raw materials 337,500
Factory electricity 62,500
Direct labor payroll 200,000
Depreciation on factory equipment 218,750
Insurance on factory building 50,000
Indirect materials used in production 43,750
Total raw materials used in production 406,250
Indirect labor payroll 150,000
Cost of goods manufactured 1,250,000
Cost of goods sold 1,312,500

What was the ending balance in Basils Work in Process Inventory account?

$75,000

$137,500

$262,500

$181,250

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