The Layton Company utilizes a process costing system and has only one processing department. The company's ending work-in-process inventory on November 30^th consisted of 44,000 units. These units were 100% complete with respect to materials and 65% complete with respect to labor and overhead costs. If the cost per equivalent unit for November was $4.60 for materials and $5.20 for labor and overhead, the balance in the work-in-process inventory account would be: