Garst Manufacturing is working on two jobs. Cost is accumulated under a job-order costing system, and overhead is allocated on the basis of direct labor hours. The company budgeted that overhead would be $75,000 and 10,000 direct labor hours would be worked. Both projects were started and completed in the current accounting period. The following transactions were completed during the period: (a) Used $11,100 of direct material on Project I and $7900 of direct material on Project II. (b) Labor costs for the two jobs amounted to the following: Project I, $29,500 (2550 hours); Project II, $49,500 (7100 hours). (c) Project II was sold during the period for $131,000. The ending balance in Work in Process was: $59,725. $40,600. $148,100. $0.