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On November 30, 2020, there was a fire in the factory of Able Manufacturing Limited, where you work as the controller. The work in process

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On November 30, 2020, there was a fire in the factory of Able Manufacturing Limited, where you work as the controller. The work in process inventory was completely destroyed, but both the materials and finished goods inventories were undamaged. Able uses normal job-order costing and its fiscal year end is December 31. Selected information for the periods ended October 31, 2020, and November 30, 2020, follows: October November 31 30, 2020 2020 Supplies (including both direct and indirect materials) $79,950 $73,350 Work in process inventory 59,775 Finished goods inventory 59,200 63,500 Cost of goods sold (year to date) 574,000 665,200 Accounts payable (relates to materials purchased only) 18,960 54,080 Manufacturing overhead incurred (year to date) 130,500 172,300 Manufacturing overhead applied 128,800 ? Other information for November 2020: Cash payments to suppliers $59,200 Payroll (including $16,370 indirect) 84,000 Indirect materials used 5,870 Over-applied overhead (during November only) 2,780 Calculate the normal cost of the work in process inventory lost during the fire. x Cost of the work in process inventory 193775

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