Canmore Company has the following data pertaining to 2018: ? Beginning materials inventory $ 50,000 Beginning work-in-process inventory 0 Beginning finished goods inventory 0 Materials placed into production 125,000 Materials purchased on account 137,500 Direct labor incurred (10,000 hours) 62,500 Cost of goods completed (Job BB8) 25,000 ? Factory overhead rate is 125 percent of direct labor costs. What is the ending materials inventory balance for Canmore in 2018? a. $50,000 b. $37,500 c. $62,500 d. $12,500