River Falls Manufacturing uses a normal cost system and had the following data available for 2018: Direct materials purchased on account $145,000 Direct materials requisitioned 82,000 Direct labor cost incurred 127,000 Factory overhead incurred 140,000 Cost of goods completed 288,000 Cost of goods sold 248,000 Beginning direct materials inventory 25,000 Beginning WIP inventory 63,000 Beginning finished goods inventory 53,000 Overhead application rate, as a percent of direct-labor costs 125 percent The ending balance of finished goods inventory is ________. A. $288,000 B. $93,000 C. $40,000 D. $53,000