Annapolis Clothing Company manufactures quality boating attire. The following selected financial information for the fiscal year 2018 is provided:

Item Amount Sales $200,000

Cost of Goods Manufactured 51,000

Direct Material Purchased 80,000

Factory Overhead 20,000

Work in Process - January 1 60,000

Work in Process - December 31 30,000

Direct Material - December 31 20,000

Finished Goods Inventory - December 31 60,000

Net Income 30,000

Direct Materials used 60,000

Cost of Goods Sold 56,000

Use this information to determine the dollar amount of Annapolis Clothing's Finished Goods Inventory for January 1, 2018. (Round dollar values & enter as whole dollars only.)