The accounts of Melissa Manufacturing showed the following balances at the beginning of December: Account Raw Materials Inventory Work-in - Process Inventory Finished Goods Inventory Manufacturing Overhead Debit $57,000 75,000 39,000 22,000 The following transactions took place during the month: December 2: Issued direct materials $33,000 and indirect materials $5,000 to production. December 15: Incurred $5,000 and $4,000 toward factory's direct labor cost and indirect labor cost, respectively. What should be the balance in the Work in - Process Inventory following these transactions? A. $80,000 B. $72,000 C. $113,000 OD. $79,000 Ignite Products is a price - taker. The company produces large spools of electrical wire in a highly competitive market; thus, it uses target pricing. The current market price of the electric wire is $800 per unit. The company has $3,200,000 in average assets, and the desired profit is a return of 6% on assets. Assume all products produced are sold. The company provides the following information: Sales volume Variable costs Fixed costs 120,000 units per year $690 $14,000,000 per year per unit If fixed costs cannot be reduced, how much reduction in variable costs will be needed to achieve the desired target? O A. $192,000 B. $14,000,000 C. $992,000 D. $82,800,000