Question: 11. The Machining Department started the current month with a beginning goods in process inventory of $10,000. During the month, it was assigned the following

11. The Machining Department started the current month with a beginning goods in process inventory of $10,000. During the month, it was assigned the following costs: direct materials, $76,000; direct labor, $24,000; and factory overhead, 50% of direct labor cost. Also, inventory with a cost of $109,000 was transferred out of the department to the next phase in the process. The ending balance of the Goods in Process Inventory account for the Machining Department is: A. $ 13,000 B. $ 56,000 C. $ 59,000 D. $110,000 E. $165,000

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