Management Accounting

Ryde and Rowe Inc. had the following account balances as of January 1. Direct Materials Inventory $ 8,700 Work in Process Inventory 76,500 Finished Goods Inventory 53,000 Manufacturing Overhead 0 During the month of January, all of the following occurred. Direct labor costs were $40,000 for 1,800 hours worked. Direct materials costing $29,000 and indirect materials costing $3,900 were purchased. Sales commissions of $17,000 were earned by the sales force. $26,000 worth of direct materials were used in production. Advertising costs of $6,300 were incurred. Factory supervisors earned salaries of $12,982. Indirect labor costs for the month were $3,000. Monthly depreciation on factory equipment was $4,500. Utilities expense of $6,014 was incurred in the factory. Equipment with manufacturing costs of $69,000 were transferred to finished goods. Monthly insurance costs for the factory were $4,200. $5,000 in property taxes on the factory were incurred and paid. Equipment with manufacturing costs of $88,178 were sold for $160,324. Required: b. As of January 31, what will be the balance in the Manufacturing Overhead account?​