Concord Industries reported the following information for December: Beginning balance, Raw Materials Inventory $187700 Beginning balance, Work in Process Inventory Beginning balance Finished Goods Inventory Purchases of raw materials Factory electricity Direct labor payroll Depreciation on factory equipment Insurance on factory building Indirect materials used in production Total raw materials used in production Indirect labor payroll Cost of goods manufactured Cost of Goods Sold 298000 O $314650 $52300 O $364350 O $54200 106500 336400 62300 200000 218900 49700 43450 407800 159000 1260000 1312300 What was the ending balance in Concord's Finished Goods Inventory account at December 31?

Concord Industries reported the following information for December: What was the ending balance in Concord's Finished Goods Inventory account at December 31 ? $314650 $52300 $364350 $54200