ABC Company applies overhead to products using a pre-determined overhead rate of 65% of direct labor cost. During 2020, ABC Company began work on three jobs. Information relating to these three jobs appears below:  Job X Job Y Job Z direct materials ....... $19,000 $23,000 $38,000 direct labor ........... $52,000 $70,000 $43,000 By the end of 2020, Job Y and Job Z had been completed. Job X was not completed by the end of 2020. Additionally, by the end of 2020, one-half of Job Y had been sold while none of Job Z had been sold. Assume there were no inventories of any type at January 1, 2020. Calculate ABC Company's finished goods inventory balance reported on the December 31, 2020 balance sheet.