QUESTION 10 Blocher purchases 100% of its Raw Materials on account from vendor, Main Company. Blocher applies overhead based on direct labor dollars and for 2019 the company utilized a predetermined overhead rate of $1.70. Blocher disposes of over/under overhead annually, prior to making the 2019 disposal entry, the MOH account was overapplied by $8,000. Blocher provides the following account balances: 12/31/2018 12/31/2019 Raw Materials $265,000 $280,000 Work In Process 250,000 ? Finished Goods 110,000 145,000 Accounts Payable- Main 35,000 28,000 Additionally, Blocher's chief accountant provides the following selected information from the company's 2019 manufacturing operations: 2019 Manufacturing Summary: Direct Labor incurred on jobs $150,000 Cost of finished goods available for sale 853,000 Cash paid to Main Company for raw material 422,000 Direct Materials requisitioned for jobs ? Total actual manufacturing overhead ? What value will Blocher report as work-in-process at 12/31/2019? A. $327,000 B. $312,000 C. $334,000 D. $319,000 E. None of the answer choices provided are correct