Porcupine, Co. is a manufacturer that uses a job-order costing system. During the first period of operations, the firm started working on 3 jobs: L, S and W. Costs for these jobs are listed below:

	Job L	Job S	Job W
Costs incurred during the period
Direct materials	$94,600	$65,100	$113,900
Direct labor	$50,000	$32,000	$60,000
Applied OH (160% of DL costs)	$80,000	$51,200	$96,000
Status at the end of the period	In process	Finished (unsold)	Finished (sold)

As this is the first period of operations, assume the Work in process inventory account and the finished goods inventory account both had beginning balances of $0. What is the balance of the WIP inventory account and the Finished Goods inventory account as of the end of the period?

	a.	WIP Inventory: $372,900; Finished Goods Inventory: $269,900
	b.	WIP Inventory: $224,600; Finished Goods Inventory: $148,300
	c.	WIP Inventory: $224,600; Finished Goods Inventory: $0
	d.	WIP Inventory: $372,900; Finished Goods Inventory: $0
	e.	WIP Inventory: $224,600; Finished Goods Inventory: $418,200