Tonneau Corporation had the following information available for October 2016: Work in Process, October 1 $20,000 27,500 Materials placed into production, October Direct labor, October 37,500 Factory overhead rate is 150 percent of direct labor costs. Job cost sheets had the following balances: $32,500 Job ZI 55,000 Job Z2 35,000 Job Z3 Job 24 18,450 Jobs Z3 and Z4 were not completed at the end of December Refer to Figure 5-5. What is the balance in Work-in-Process for Tonneau at the end of October? $85,000 $87,500 $56,250 $53,750