Village Company's selected cost data for 2012 are shown below: Cost of goods manufactured $145,200 Work in process inventory, Jan. 1, 2012 18,500 Work in process inventory, Dec. 31, 2012 22,500 Direct materials used 15,800 Assuming manufacturing overhead costs of $83,375, what is the amount of direct labor incurred by Village Company in 2012?
$50,025
$62,550
$41,700
$83,400
None of these is correct