El Torro Company produces industrial gauging equipment that it sells to other companies. Budgeted overhead for the year was $260,000, and budgeted direct labor hours were 20,000. The average wage rate for direct labor is expected to be $25 per hour. During January, El Torro Company worked on four jobs. Data relating to these four jobs follow: Job A Job B Job C Job D Beginning balance $23,700 $34,600 $17,000 $ 0 Materials requisitioned 18,900 21,400 8,350 12,000 10,000 18,500 3,000 2,900 6,500 $59,100 9,975 2,250 1,750 $84,475 $30,600 $16,650 Direct labor cost Applied overhead Total cost During January, Jobs A, B, and C were completed, and Job A was sold at 125% of cost. Job D remains unfinished at the end of the month. Assuming the beginning balance of Finished Goods is $15,000, calculate the ending balance of Finished Goods for January. Oa. $189,175 Ob. $99,475 c. $130,075 Od. $31,650