Lucky Charm Is a Factory That Molds and Assembles Silver

Lucky Charm is a factory that molds and assembles silver charms that are offered in a variety of themes including hearts, letters, and animals for use on charm bracelets. During the year, additional silver of $52,237 and Conversion Costs of $71,490 were added to the Molding department. During the year, the total cost of units completed by the Molding department and then transferred to Assembly amounted to $131,500. As of January 1, the beginning WIP Inventory (Molding) had a balance of $9,805. What is the ending balance of WIP Inventory (Molding) ?

A) $2,032 credit balance
B) $2,032 debit balance
C) $7,773 credit balance
D) $133,532 debit balance