Demere Corporation uses a job costing system. On January 1, Demere Corporation's work in process inventory account had a balance of $75,000. During the year, materials requisitioned for use in production amounted to $120,000, of which $82,000 represented direct materials. Factory wages for the period were $231,000, of which $219,000 were for direct labor. . Manufacturing overhead is allocated on the basis of 85% of direct labor cost. Other overhead cost incurred during the year totaled $77,000. Jobs costing $345,000 were completed during the year. The December 31 balance in the manufacturing overhead, prior to adjustment, is closest to Select one: a. $52,500 credit balance b. $52,500 debit balance C. $92,000 debit balance d. $59,150 credit balance e. $92,000 credit balance f. $59,150 debit balance Novt Demere Corporation uses a job costing system. On January 1, Demere Corporation's work in process inventory account had a balance of $75,000. During the year, materials requisitioned for use in production amounted to $120,000, of which $82,000 represented direct materials. Factory wages for the period were $231,000, of which $219,000 were for direct labor. . Manufacturing overhead is allocated on the basis of 85% of direct labor cost. Other overhead cost incurred during the year totaled $77,000. Jobs costing $345,000 were completed during the year. The December 31 balance in the manufacturing overhead, prior to adjustment, is closest to Select one: a. $52,500 credit balance b. $52,500 debit balance C. $92,000 debit balance d. $59,150 credit balance e. $92,000 credit balance f. $59,150 debit balance Novt