Before the application of overhead costs Downton Ltd has the following costs traced to production: Direct materials 545 000 Direct labour $95 000 Assuming that overhead is applied at the rate of 60% of direct labour cost what is the amount of inventory finished for the period? Assume no work in process Select one: O a $122 000 b. 5197 000 O c. $140 000 O d. 5224 000