Connor Company applies overhead to jobs using direct labor cost as the activity level. During 2026, Connor Company had the following estimated costs: Direct materials Direct labor Advertising Rent on factory building $300,000 $250,000 $ 36,000 $ 35,000 $ 60,000 Indirect materials $ 20,000 $ 50,000 Production supervisor's salary $ 40,000 $ 18,000 Depreciation Sales commissions Insurance on factory equipment The following additional information is available: 1. 30% of the depreciation relates to equipment in the sales offices while 70% of the depreciation relates to equipment in the factory. 2. Connor Company had no inventories of any type at the beginning of 2026. During 2026, Connor Company began work on four jobs. Information related to these jobs appears below: COSTS ADDED DURING 2026 direct materials direct labor Job #1 Job #2 $63,000 $47,000 $51,000 $39,000 COSTS ADDED DURING 2026 direct materials direct labor By the end of 2026, Jobs 1, 3, Job #3 Job #4 $88,000 $65,000 $76,000 $81,000 and 4 had been completed while Job 2 was not completed. Both Jobs 1 and 4 were sold during 2026. Job 3 had not been sold as of the end of 2026. Calculate Connor Company's finished goods inventory balance at December 31, 2026.