2. Rustic Guitar Co. showed year-end balances of $2,000 and $4,000 for finished goods and work-in-process, respectively. Supplemental information disclosed raw materials used in production of $15,500, direct labor of $3,700, and manufacturing overhead of $8,800. If the company reported cost of goods manufactured of $46,000, the company's beginning work in process must have been: a. $2,000 b. $20,000 c. $22,000 $26,000 e. Some other amount