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The Ashton Manufacturing Company operates under a job-order costing system. The data from the past month's activities is summarized as follows: Starting balance in Work

The Ashton Manufacturing Company operates under a job-order costing system. The data from the past month's activities is summarized as follows: Starting balance in Work in Process: $36,000 Raw materials purchased on credit: $207,000 Direct materials used in production: $161,000 Indirect materials used in production: $42,000 Direct labor costs incurred: $87,000 Indirect labor costs incurred: $101,000 Factory equipment depreciation recorded: $42,000 Additional overhead costs incurred: $57,000 Overhead costs allocated to jobs: $219,000 Cost of completed jobs transferred from Work in Process to Finished Goods: $403,000.


What is the closest value for the ending balance in the Work in Process account?

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