Davy Company had a beginning work in process inventory balance of $32, 900. During the year, $55, 100 of direct materials was placed into production. Direct labor was $64, 200, and indirect labor was $19, 700. Manufacturing overhead is allocated at 125% of direct labor costs. Actual manufacturing overhead was $86, 600, and jobs costing $225, 100 were completed during the year. What is the ending work in process inventory balance? $80, 250 $13, 700 $177, 350 $7, 350