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Use the following information to answer question: McCloud Industries in its first year of operations, encountered the following events: -Purchased $50,000 in direct materials -Incurred

Use the following information to answer question: McCloud Industries in its first year of operations, encountered the following events:

-Purchased $50,000 in direct materials

-Incurred direct labor costs of $30,000

-Used a predetermined overhead rate of 90% of direct labor costs to allocate overhead to work in process

-Transferred 80% of the direct materials to work in process

-Completed and transferred 70% of the work in process to finished goods

The amount of costs in ending work in process was?

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