What will Yang Company report for its ending work in process account in March? Below is information for March:

• Purchased $100,000 of raw materials and used $70,000 of direct raw materials in production.
• Incurred $500,000 of direct labor
• Incurred rent expense of $12,000 at its administrative office.
• Manufacturing overhead applied was $500,000 for the month.
• The beginning balance in work in process was $20,000 on March 1^st.
• During the month $60,000 was moved out of work in process to finished goods.