The following events took place at a manufacturing company for the current year: (1) Purchased $111,000 in direct materials. (2) Incurred labor costs as follows: (a) direct, $64,000 and (b) indirect, $16,800. (3) Other manufacturing overhead was $123,000, excluding indirect labor. (4) Transferred 75% of the materials to the manufacturing assembly line. (5) Completed 60% of the Work-in-Process during the year. (6) Sold 80% of the completed goods. (7) There were no beginning inventories. What is the value of the ending Work-in-Process Inventory?

$30,750

$25,600

$114,820

$98,400