Manufacturing overhead applied = Manufacturing overhead cost incurred - Under applied manufacturing overhead cost
= 296,000-11,000
= $285,000
Total manufacturing cost = Direct materials cost assigned to production + Direct labor cost assigned to production + Manufacturing overhead applied
= 114,000+78,000+285,000
= $477,000
Cost of goods manufactured = Beginning work in process + Total manufacturing cost - Ending work in process
502,000 = 38,000+477,000-Ending work in process
Ending work in process = $13,000
Correct option is A.
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