Test Company reported work-in-process inventory of $60,000 on July 1. During July, the company incurred direct labor cost of $90,000, overhead cost of $70,000, selling cost of $40,000, and administrative cost of $50,000. Test Company reported direct materials used of $100,000 and cost of goods manufactured $240,000 for July.

Determine work-in-process inventory on July 31.