Clyde Company provided the following inventory information for June: June 1 June 30 Direct materials 17,000 15,000 Work in process 14,000 11,000 Finished goods ? 40,000 The following additional information was available for June: Sales revenue ......................................$102,000 Direct labor .......................................18,000 Selling & administrative expenses .................. 30,000 Applied overhead ................................... 12,000 Net income ......................................... 40,000 Direct materials purchased ......................... 10,000 Actual overhead .................................... 17,000 Calculate Clyde Company's finished goods inventory balance at June 1. Do not use decimals in your answer.