Required information Exercise 3-28 Cost Relationships; Normal Costing System (LO 3-2, 3-4, 3-6) The following information applies to the questions displayed below. McAllister, Inc. employs a normal costing system. The following information pertains to the year just ended Total manufacturing costs were $1,390,000. Cost of goods manufactured was $1,359,500. Applied manufacturing overhead was 20 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, Exercise 3-28 Part 3 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 s 91,500