The following information was taken from the accounting records of Light Tool Corporation.

Work in process inventory, beginning of the year		$	50,000
Cost of direct materials used			290,000
Direct labor cost applied to production			130,000
Cost of finished goods manufactured			921,500

Overhead assigned to production was $500,000.

Compute the amount of the work in process inventory on hand at year-end.

what is the ending work in process inventory?