Santos Inc. had the following information for the preceding year: Beginning Ending Inventory Inventory (1/1) (12/31) $ 43,600 $ 38,000 $ 36,800 $ ?? $ 37,500 $ ?? Raw Materials Inventory Work in Process Inventory Finished Goods Inventory Additional information for the year is as follows: Direct materials used $206,100 Direct labor $157,000 Manufacturing overhead applied $160,000 Cost of goods manufactured $527,600 Cost of goods sold $545,300 What was the ending Work in Process Inventory balance on 12/31? Multiple Choice $32,300