Question - The following events took place for BRM Manufacturing Company during January 2014, the first month of its operations as a producer of digital thermometers:
a. Purchased $58,600 of materials
b. Used $45,100 of direct materials in production.
c. Incurred $67,400 of direct labor wages.
d. Incurred $94,900 of factory overhead.
e. Transferred $157,600 of work in process to finished goods.
f. Sold goods with a cost of $125,400.
g. Earned revenues of $281,900.
h. Incurred $72,100 of selling expenses.
i. Incurred $31,600 of administrative expenses.
What is the balance in the Work in Process account at the end of January?