The Fabricating Department started the current month with a beginning Work 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 Work in Process Inventory account for the Fabricating Department is:
A. $13,000. B. $56,000. C. $59,000. D. $110,000. E. $165,000.
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