Fine Furniture Ltd, which specialises in the manufacture of custom-built furniture, uses a job order costing system. On 1 March, the company had no beginning work in process inventory. During March, the following costs were recorded:

Direct materials Direct labour (8400 hours) Actual factory overhead	$162 600 151 200 66000

Factory overhead is applied using a predetermined overhead rate of $7.20 per direct labour hour. No jobs were finished during March.

Required

Determine work in process inventory on 31 March.