Santos Inc had the following Information for the preceding year:
Beginning Ending
Inventory Inventory
(1/1) (12/31)
Raw Materials Inventory $ 41,800 $ 38,300
Work in Process Inventory $ 36,800 $
Finished Goods Inventory $33,500 $ ??
Additional Information for the year is as follows:
Direct materials used $204,300
Direct labor $ 151,600
Manufacturing overhead applied $ 169,600
Cost of goods manufactured $529,400
Cost of goods sold $ 548,100
What was the ending Work In Process Inventory balance on 12/31?
? $53,100
? $16,300
$55,500
$32,900