VanBuren Inc. had the following information about inventory balances for the year: Beginning Ending Inventory Inventory December January 1 31 Raw Materials Inventory $ 40,000 $ 30,000 Work in Process Inventory $ 35,000 $ 22 Finished Goods Inventory $ 30,000 $ ?? Additional information for the year is as follows: Direct materials used Direct labor $200,000 $150,000 Applied Manufacturing overhead $160,000 Cost of goods manufactured $525,000 (COGM) Unadjusted Cost of goods sold $544,000 (COGS) What was the ending Work in Process Inventory balance on December 31