The accounts of Delphinia Dreams, Inc. showed the following balances at the beginning of October: Account Raw Materials Inventory Work -in - Process Inventory Finished Goods Inventory Manufacturing Overhead Debit $31,000 43,000 53,000 20,000 During the month, direct materials amounting to $20,000 and indirect materials amounting to $7,000 were issued to production. What is the ending balance in the Work-in - Process Inventory account following these two transactions? O A. $43,000 O B. $27,000 OC. $63,000 OD. $10,000 Oaktree, Inc. is a merchandiser of inlaid wooden boxes. The company sold 7,500 units during the year. The company has provided the following information: Sales Revenue Purchases (excluding freight in) Selling and Administrative Expenses Freight In Beginning Merchandise Inventory Ending Merchandise Inventory $581,000 301,000 67,000 14,000 46,000 43,000 What is the cost of goods sold for the year? O A. $361,000 O B. $304,000 O C. $318,000 O D. $312,000