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On December 31, Crane Company recorded the following information in the Mixing Department's Work in Process account: Units Cost Beginning balance (80% complete) 5500 $55000

On December 31, Crane Company recorded the following information in the Mixing Department's Work in Process account: Units Cost Beginning balance (80% complete) 5500 $55000 Started into production 106000 542930 Completed and transferred to Packaging 95000 Ending balance (60% complete) 16500 Assume that the unfinished units in ending inventory are 60% complete for both materials and conversion. What is balance in the ending Work in Process on December 31? $88440 $57000 $56430 $58311

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