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BI incurred and applied the following manufacturing costs: Direct Material: $39,000 Direct Labor: $26,000 Manufacturing overhead: 52,000 During 2019 BI finished products costing $78,000. Products

BI incurred and applied the following manufacturing costs:

Direct Material: $39,000

Direct Labor: $26,000

Manufacturing overhead: 52,000

During 2019 BI finished products costing $78,000. Products costing $32,500 were sold for $41,600. What is the balance of Finished Goods on BI's balance sheet as of Dec. 31 2019?

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