Lopez Corporation incurred the following costs while manufacturing its product. Work in process inventory was $14,000 at January 1 and $16,700 at December 31 . Finished goods inventory was $ 1 and $49,800 at December 31 . Lopez Corporation incurred the following costs while manufacturing its product. Work in process inventory was $14,000 at January 1 and $16,700 at December 31 . Finished goods inventory was $ 1 and $49,800 at December 31