Santos Inc. had the following information for the preceding year: Raw Materials Inventory Work in Process Inventory Finished Goods Inventory Beginning Ending Inventory Inventory (1/1) (12/31) $ 48,600 $ 36,800 $ 37,300 $ ?? $ 38,000 $ ?? Additional information for the year is as follows: Direct materials used Direct labor Manufacturing overhead applied Cost of goods manufactured Cost of goods sold $ 201, 200 $154,500 $163,400 $528,100 $545,000 What was the ending Work in Process Inventory balance on 12/31? What was the ending Work in Process Inventory balance on 12/31? Multiple Choice $55,100 $17.800 $28.300 $54 200