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On January 1, Biden, Inc's Work-in-Process inventory account had a balance of $30,600. During the year, $58,100 of direct materials was placed into production. Manufacturing

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On January 1, Biden, Inc's Work-in-Process inventory account had a balance of $30,600. During the year, $58,100 of direct materials was placed into production. Manufacturing wages incurred amounted to S85,000 of which $65,000 were for direct labor. Manufacturing overhead is allocated on the basis of 120% of direct labor cost. Actual manufacturing overhead was $91,000. Jobs costing $220,400 were completed during the year. What is the December 31 balance of Work-in-Process inventory? A. $11,300 B. $153,700 C. $30,600 D. $231,700

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