Post Utme Eksu 2017 Accounting Question 28

A company uses a job costing system to account for its manufacturing operations. The company has two departments: Cutting and Assembly. The Cutting Department has a balance of ₦120,000 in its Work-in-Progress (WIP) account at the beginning of the year. During the year, the Cutting Department incurs expenses of ₦150,000 and adds ₦200,000 to the WIP account. The Assembly Department has a balance of ₦80,000 in its WIP account at the beginning of the year. During the year, the Assembly Department incurs expenses of ₦100,000 and adds ₦120,000 to the WIP account. The company's total WIP balance at the end of the year is ₦240,000. What is the balance in the Cutting Department's WIP account at the end of the year?