Company A uses a job cost system and a predetermined overhead rate based on labor cost. The following T-account summarizes January 2020 activity relating to work in process:

Work in Process Inventory

1/1/20 Balance 25,000 | 1/31/20 Jobs completed 80,000

Materials used 45,000 |

Labor cost 60,000 |

Overhead applied 40,000 |

|

1/31/20 Balance 90,000 |

If jobs in the work in process inventory on 1/31/20 contain $38,000 of materials, how much labor cost is in the work in process inventory on 1/31/20? $ _________________