Leelanau Corporation uses a job-order costing system. The following data are for last year: Work in process beginning balance$10,500Work in process ending balance$19,000Cost of goods manufactured$323,000Direct materials$115,000Direct Labor$78,000Leelanau applies overhead using a predetermined rate. What amount of overhead was applied to work in process last year?
A. $121,500
B. $138,500
C. $130,000
D. $203,500
Answer: B
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