Stutz, Inc. designs and builds basketball gymnasiums. Each gymnasium is custom-built to individual customers' specifications. Stutz uses job-order costing to keep track of its costs. In February it worked on three jobs. Data for these jobs are as follows:

	Job 175	Job 178	Job 179
Balance 2/1	$13,790	$0	$0
Direct Materials	16,200	8,500	30,500
Direct Labor Cost	23,300	7,600	45,000
Machine Hours	400hrs.	300hrs.	2,000hrs.

Overhead is applied to jobs at the rate of $25 per machine hour. By February 28, Job 178 is the only one unfinished. The balance of Finished Goods on February 1 is $94,000 (consisting of Job 177). Jobs 177 and 179 are sold during February. Stutz sells its product at cost plus 40%. Calculate the balance of Finished Goods at February 28.

a.$53,290

b.$63,290

c.$63,690

d.$0

e.$39,500