On January 1,2015,Jackson Inc.'s Work-in-Process Inventory account showed a balance of $65,000.During 2015,materials requisitioned for use in production amounted to $70,000 of which $66,000 represented direct materials.Factory wages for the period were $209,000 of which $186,400 were for direct labor.Manufacturing overhead is allocated on the basis of 60% of direct labor cost.Actual overhead was $116,440.Jobs costing $353,240 were completed during 2015.The December 31,2015,balance in Work-in-Process Inventory is ________.

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The Answer of On January 1,2015,Jackson Inc.'s Work-in-Process Inventory account showed a balance of $65,000.During 2015,materials requisitioned for use in production amounted to $70,000 of which $66,000 represented direct materials.Factory wages for the period were $209,000 of which $186,400 were for direct labor.Manufacturing overhead is allocated on the basis of 60% of direct labor cost.Actual overhead was $116,440.Jobs costing $353,240 were completed during 2015.The December 31,2015,balance in Work-in-Process Inventory is ________.