reedy company reports the following information for 2012: Cost of goods manufactured 69,500 Direct materials used 27,000 direct labor incurred 25,000 work in process inventory, Jan 1, 2012 11,000 Factory Overhead is 75% of the cost of direct labor. work in process inventory on Dec 31 2012 is? A. 22,500 B. 12,250 C. 13,500 D. 10,200 Please show me how I need more than the answer I would like to learn. Thank you