. Required information [The following information applies to the questions displayed below] McAllister, Inc., employs a normal costing system. The following information pertains to the year just ended. Total manufacturing costs were $1,360,000. Cost of goods manufactured was $1,328,000. Applied manufacturing overhead was 20 percent of total manufacturing costs. Manufacturing overhead was applied to production at a rate of 85 percent of direct labor cost. Work-in-process inventory on January 1 was 80 percent of work-in-process inventory on December 31. 3. Compute the value of the company's work-in-process inventory on December 31. Work-in-process inventory on December 31