Bentley Manufacturing, Inc provided the following information for the year

Purchases-Raw Materials $90,000
Plant Utilities and Insurance 67,500
Indirect Materials Used 11,040
Indirect Labor 4,420
Direct Materials Used in Production 99,000
Direct Labor 119,500
Depreciation on Factory Plant and Equipment 5,000
Cost of Goods Manufactured 291,500

The inventory account balances as of January 1 are given below.

Raw Materials Inventory $46,000
Work-in-Progress Inventory 1,000
Finished Goods Inventory 50,000

What is the ending balance in the Work-in-Process Inventory account?
A) $15,960
B) $1,000
C) $50,000
D) $45,000

A .A)
Indirect Materials $11,040
Indirect Labor 4,420
Depreciation on Factory Plant and Equipment 5,000
Plant Utilities & Insurance 67,500
Total Manufacturing Overhead $87,960

Beginning—Work-in-Process Inventory $1,000
Direct Materials Used in Production 99,000
Direct Labor 119,500
Manufacturing Overhead 87,960
Cost of Goods Manufactured (291,500 )
Ending—Work-in-Process Inventory $15,960