Moira Company has just finished its first year of operations. At year end, MOH allocated or applied was $435,000 and MOH control (actual) was $425,000. The firm decides to prorate the under or overapplied overhead based on the ending balances in the appropriate accounts.

Ending balances are:

Materials inventory$20,000

WIP inventory40,000

FG inventory80,000

COGS680,000

After closing out the overhead accountsusing the proration method, what is the balance in theFG inventoryaccount?