XYZ Company began operations during 2016 and employs a job-order costing system that applies overhead to jobs using direct labor hours as the activity level. For 2016, XYZ Company had total estimated overhead of $229,500 and total estimated direct labor hours of 25,500. Listed below is a summary of events and transactions that occurred during 2016: XYZ Company purchased 80,000 pounds of direct materials at $4.20 per pound. XYZ began work on three jobs. Direct materials used for each job were: Direct labor hours used for each job were: Direct labor workers are paid $12 per hour. The following additional costs were incurred: ^1 This $92,000 is all indirect labor. See letter (c) for direct labor for the manufacturing facility. Jobs A-1 and A-2 were completed during 2016. Job A-2 was sold to the customer for $420,000. Calculate the total amount of inventory shown on XYZ Company's December 31, 2016 balance sheet. Do not use decimals in your