PLEASE EXPLAIN CLEARLY

P3-35A On November 30, 2016, 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 inventory were undamaged. Able uses normal job-order costing and its fiscal year end is December 31. Selected information for the periods ended October 31, 2016, and November 30, 2016, follows: mel dof bris 00 October 31, 2016 November 30, 2016 Supplies (including both direct and $ 79,250 $ 73,250 indirect materials) Work in process inventory 58,875 ? Finished goods inventory 60,000 63,000 Cost of goods sold (year to date) 576,000 656,000 Accounts payable (relates to materials 17,960 53,540 purchased only) Manufacturing overhead incurred 129,500 163,300 (year to date) Manufacturing overhead applied 128,700 Other information for November 2016: Cash payments to suppliers $ 60,000 Payroll (including $15,375 indirect) 83,500 Indirect materials used 5,848 Over-applied overhead (during November only) 2,750 Instructions Calculate the normal cost of the work in process inventory lost during the fire. (adapted from CGA-Canada, now CPA Canada