On January 1st, 2019, NHL Inc. had a Beginning Work-in-Process balance of $30,000 ($10,000 of Direct Materials and $20,000 of Conversion) which consisted of 10,000 units which were 50% complete with respect to conversion costs. During January, NHL started production on an additional 20,000 units and incurred $50,000 in Materials and $55,000 in Conversion costs. NHL's Ending Work-In-Process consisted of 8,000 units which were 50% complete with respect to conversion costs. NHL produces a single product. All direct materials are added at the start of the production process while conversion costs are incurred uniformly. NHL uses a weighted-average process costing system. What was the value of NHL's Ending Finished Goods Inventory, assuming that the company sold half of its completed output during the year