Whirl 'n Twirl Corporation uses a job costing system.On January 1,Whirl 'n Twirl Corporation's work in process inventory account had a balance of $62,000.During the year,materials requisitioned for use in production amounted to $110,000,of which $79,000 represented direct materials.Factory wages for the period were $242,000,of which $199,000 were for direct labor.Manufacturing overhead is allocated on the basis of 80% of direct labor cost.Actual overhead cost for the year was $125,000.Jobs costing $350,000 were completed during the year. The December 31 work in process inventory balance is:

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The Answer of  Whirl 'n Twirl Corporation uses a job costing system.On January 1,Whirl 'n Twirl Corporation's work in process inventory account had a balance of $62,000.During the year,materials requisitioned for use in production amounted to $110,000,of which $79,000 represented direct materials.Factory wages for the period were $242,000,of which $199,000 were for direct labor.Manufacturing overhead is allocated on the basis of 80% of direct labor cost.Actual overhead cost for the year was $125,000.Jobs costing $350,000 were completed during the year. The December 31 work in process inventory balance is:

Whirl 'N Twirl Corporation Uses a Job Costing System