Comfort Shoes Manufacturing Company began business on January 1, 2016. During its first year of operation, Comfort Shoes worked on 5 jobs, and reported the following information at year-end:

• Actual manufacturing overheads incurred on Jobs 101 105 during the period amounted to $189,000.
• Jobs 101 104 were completed and transferred out to Finished Goods Inventory.
• Jobs 101 & 102 were sold for $250,000 & $390,000 respectively.

At year-end, what was the balance in Work in Process Inventory?

a.

$450,000

b.

$155,000

c.

$25,000

d.

$255,000