znt The ending balance of finished goods inventory is

Manufacturing uses a normal costing system and had the following data available for 201 S: Direct materials purchased on account Direct materials requisitioned Direct labor cost incurred Factory overhead incurred Cost of goods manufactured Cost of goods sold Beginning direct materials inventory Beginning WIP inventory Beginning finished goods inventory $116,000 652000 102,000 112,000 2302000 198.000 20,000 432000 Overhead application rate: as a percent of direct-labor costs 116 percent The ending balance of finished goods inventory is