The following events took place at a manufacturing company for the current year: (1) Purchased $95,300 in direct materials. (2) Incurred labor costs as follows: (a) direct, $56,300 and (b) indirect, $13,900. (3) Other manufacturing overhead was $107,300, excluding indirect labor. (4) Transferred 80% of the materials to the manufacturing assembly line. (5) Completed 65% of the Work-in-Process during the year. (6) Sold 85% of the completed goods. (7) There were no beginning inventories. What is the value of the ending Work-in-Process Inventory? Multiple Choice $13,321.50 $14,322.00 $88,809.00 $95,489.50