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EX $3-28($Algo$)$ Cost Relationships; Normal Costing System $($LO $3-2,3-4,3-6)$

$[$The following information applies to the questions displayed below.$]$

LaToya Creations employs a normal costing system. The following information pertains to the year just ended.

Total manufacturing costs were $$1,290,000.$

Cost of goods manufactured was $$1,254,500.$

Applied manufacturing overhead was $30$ percent of total manufacturing costs.

Manufacturing overhead was applied to production at a rate of $80$ percent of direct$-$labor cost.

Work$-$in$-$process inventory on January $1$ was $75$ percent of work$-$in$-$process inventory on December $31.$

EX $3-28($Algo$)$ Part $3$ Compute the value of the company's work$-$in$-$process inventory...

$3.$ Compute the value of the company's work$-$in$-$process inventory on December $31.$

Answer is complete but not entirely correct.

Work$-$in$-$process inventory on December $31$