On January 1, Jackson, Inc's work-in-process Inventory account showed a balanced of $65, 900. During the year materials requisitioned for use in production amounted to $72,00 of which $67, 300 represented direct materials. Factory wages for the period were $208,000 of which $186,000 were for direct labor. Manufacturing overhead is allocated on the basis of 60% of direct labor cost. Actual overhead was $116, 340 costing $363, 260 were completed during the year. The December 31 balance in work-in-process inventory is $77, 540 $430, 800 $85, 900 $319, 200