Wright Corporation had the following information available for December of the current year:

Work in process, December 1	$20,000
Materials placed into production, December	27,500
Direct labor, December	37,500

Plantwide overhead rate is 150% of direct labor costs. Job cost sheets had the following balances:

Job Z1	$32,500
Job Z2	55,000
Job Z3	35,000
Job Z4	18,750

Jobs Z3 and Z4 were not completed at the end of December. What is the balance in work-in process for Wright at the end of December?

Question 38 options:

	$85,000
	$87,500
	$56,250
	$53,750