Moira Company has just finished its first year of operations. At year end, MOH allocated (or applied) was $435,000 and MOH control was $425,000. The firms 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 inventory 40,000 FG inventory 80,000 COGS 680,000

After closing out the overhead accounts using the proration method, what is the balance in the FG inventory account?