Carver Test Systems Manufactures Automated Testing Equipment By the End of the First Month (January), All Jobs

Carver Test Systems manufactures automated testing equipment.The company uses a job-order costing system and applies overhead on the basis of machine hours (MH).At the beginning of the year,estimated manufacturing overhead was $1,960,000,and the estimated machine hours was 98,000.Data regarding several jobs at Carver are presented below.
$\begin{array}{l}\begin{array}{lll}\\\text { Job Number}\\\text { XJ-107}\\\text { ST-211}\\\text { XI-108}\\\text { SL-205}\\\text { RX-115}\\\end{array}\begin{array}{lll}\text { Beginning } & \text { Direct } \\\text { Balance } &\text { Materials }\\\$ 118,600 & \$ 4,000 \\121,450 & 2,500 \\21,800 & 86,400 \\34,350 & 71,800\\&18,990\end{array}\begin{array}{cc}\text { Direct } & \text { Machine } \\\text { Labour } & \text { Hours } \\\$ 8,400 & 150 \\12,160 & 300 \\36,650 & 3,100 \\32,175 & 2,700 \\21,845 & 1,400\end{array}\end{array}$
By the end of the first month (January), all jobs but RX-115 were completed, and all completed jobs had been delivered to customers except for SL-205.
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What was the balance in Finished Goods inventory at the end of January?

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