Canmore Company has the following data pertaining to 2014: Beginning materials inventory Beginning work-in-process inventory Beginning finished goods inventory Materials placed into production Materials purchased on account Direct labor incurred (10,000 hours) $ 50,000 -0- -0- 125,000 137,500 62,500 25,000 Cost of goods completed (Job BB8) Factory overhead rate is 125 percent of direct labor costs. What is the ending materials inventory balance for Canmore in 2014? a. $37,500 b. $12,500 c. $50,000 d. $62,500 Ending materials invent. = Begi + mate -mate =50,000+137,500-125,000