Spring Manufacturing uses a normal cost system and had the following data available for 2022 Direct materials purchased on account Direct materials requisitioned Direct labor cost incurred Factory overhead incurred Cost of goods completed Cost of goods sold Beginning direct materials invertory $159,000 81,000 129,000 142,000 289,000 260,000 26,000 66,000 55,000 140 percent Beginning WIP inventory Beginning finished goods inventory Overhead application rate, as a percent of direct-labor costs The ending balance of work-in-process inventory is: O $167,600 O $418,000 O $129,000 O $456,600