Question: Wavy Company had a beginning work in process inventory balance of $32,400. During the year, $54,700 of direct materials was placed into production. Direct labor

Wavy Company had a beginning work in process inventory balance of $32,400. During the year, $54,700 of direct materials was placed into production. Direct labor was $64,000, and indirect labor was $19,900. Manufacturing overhead is allocated at 120% of direct labor costs. Actual manufacturing overhead was $87,000, and jobs costing $225,600 were completed during the year. What is the ending work in process inventory balance? O A. $12,500 OB. $76,800 O c. $173,200 OD. $2,300

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