The following data have been compiled for Lily Enterprises Ltd for the month of August. Conversion occurs uniformly throughout the production process. Work in process, 1 August-26,000 units Direct material (100% complete) Conversion (60% complete) Balance in work in process, 1 August Units started during August Units completed during August and transferred out to finished goods inventory Work in process, 31 August Direct material (100% complete) Conversion (56% complete) Costs incurred during August: Direct material $33,000 $14,000 $47,000 95,000 05,000 $221,000 Conversion costs: Direct labour $56,000 Manufacturing overhead $166,000 $222,000 Total production costs incurred during August $443,000 Calculate and enter the amount for remaining inventory at 31 August in the answer space below