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

57 000

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

45 000

Net Income

30,000

Direct Materials used

60,000

Cost of Goods Sold

70 000

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).

March 1, 2020, Dorchester Company's beginning work in process inventory had 10 000 units. This is its only production department. Beginning WIP units were 50% complete as to conversion costs. Dorchester introduces direct materials at the beginning of the production process.During March, all beginning WIP was completed and an additional 13 500 units were started and completed. Dorchester also started but did not complete 5 500 units.These units remained in ending WIP inventory and were 70% complete as to conversion costs. Dorchester uses the weighted average method. Use this information to determine for March 2020 the equivalent units of production for conversion costs. Round to whole number (no cents).