QUESTION 4 Buttercup Boats makes custom pirate ships.Buttercup had the following information for the preceding year: Beginning Inventory (1/1) Ending Inventory (12/31) Raw Materials Inventory $40,000 $30,000 Work in Process Inventory $35,000 ?? Finished Goods Inventory $30,000 ?? Additional information for the year is as follows: Direct materials used $200,000 Direct labor $150,000 $160,000 Manufacturing overhead applied Cost of goods manufactured Cost of goods sold $525,000 $544,000 What was the ending Work in Process Inventory balance on 12/31? $11,000