Wright Corporation had the following information available for December 2011:
| Work in Process, December 1 | $20,000 |
| Materials placed into production, December | 27,500 |
| Direct labor, December | 37,500 |
Factory overhead rate is 150 percent of direct labor costs.
Job cost sheets had the following balances:
| Job Z1 | $32,500 |
| Job Z2 | 55,000 |
| Job Z3 | 35,000 |
| Job Z4 | 18,750 |
Jobs Z3 and Z4 were not completed at the end of December.
Refer to Figure 5 5. What is the cost of goods finished during December for Wright Corporation? Select one: a. $85,000 b. $87,500 c. $56,250 d. $53,750