Question: On January 1, Biden, Inc.'s Work - in - Process Inventory account had a balance of $31,900. During the year, $58,500 of direct materials were

On January 1, Biden, Inc.'s Work - in - Process Inventory

On January 1, Biden, Inc.'s Work - in - Process Inventory account had a balance of $31,900. During the year, $58,500 of direct materials were placed into production Manufacturing wages incurred amounted to $84,500, of which $65,000 were for direct labor. Manufacturing overhead is allocated on the basis of 120% of direct labor cost. Actual manufacturing overhead was $90,900. Jobs costing $220,600 were completed during the year. What is the December 31 balance of Work -in - Process Inventory? ... O A. $12,800 O B. $233,400 O C. $31,900 OD. $155,400

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