Current Attempt in Progress Waterway Industries reported the following information for December: Beginning balance, Raw Materials Inventory $187900 Beginning balance, Work in Process Inventory 296000 Beginning balance, Finished Goods Inventory 106500 Manufacturing overhead applied 531000 Purchases of raw materials 336300 Factory electricity 62700 Direct labor payroll 209000 Depreciation on factory equipment 218000 Insurance on factory building 45300 Indirect materials used in production 43500 Total raw materials used in production 406350 Indirect labor payroll 144000 Cost of goods manufactured 1252000 Cost of Goods Sold 1312000 What was the ending balance in Waterway's Work in Process Inventory account at December 31? $146850 $74350 $271700 $178150