The following information pertains to the year just ended: Total manufacturing costs Cost of goods manufactured $115,000 $79.000 $100,000 Cost of goods sold Work-in-process inventory on January 1 was 60% of work-in-process inventory on December 31 Compute the value of the company's work-in-process inventory on December 31 (Do not round intermediate calculations Round the final answer to the nearest whole number)