Question 17 Not yet answered Marked out of 2.00 Flag question Janet Taylor's company reported the following data for the month of January: Inventories: Raw materials Work in process Finished goods 01-Jan 31-Jan $32,000 $31,000 $18,000 ? $30,000 ? Additional information: Sales revenue $210,000 Direct labor costs $40,000 Manufacturing overhead costs-Variable $70,000 Selling expenses $25,000 Administrative expenses $35,000 Manufacturing overhead costs-Fixed $40,000 In January, raw materials costing $35,000 were purchased, and the cost of goods manufactured were $120,000. What was the balance of work-in-process on January 31? Select one: a. $146,000 b. $44,000 000 c. $84,000 d. $100,000 cross out cross out cross out cross out