Annapolis Clothing Company manufactures quality boating attire. The following selected financial information for the fiscal year 2020 is provided: Item Amount Sales $200,000 Cost of Goods Manufactured 59,000 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 31,000 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, 2020. Round to a whole number (no cents). Your Answer: Question 19 options: Answer