Conrad, Incorporated recently lost a portion of its records in an office fire.

The following information was salvaged from the accounting records.

Cost of Goods Sold $ 66,500

Work-in-Process Inventory, Beginning 11,100

Work-in-Process Inventory, Ending 9,300

Selling and Administrative Expense 15,750

Finished Goods Inventory, Ending 15,825

Finished Goods Inventory, Beginning ?

Direct Materials Used ?

Factory Overhead Applied 12,300

Operating Income 14,165

Direct Materials Inventory, Beginning 11,135

Direct Materials Inventory, Ending 6,105

Cost of Goods Manufactured 61,410

Direct labor cost incurred during the period amounted to 1.5 times the factory overhead.

The Chief Financial Officer of Conrad, Incorporated has asked you to recalculate the following accounts and to report to him by the end of the day.

What is the amount in the finished goods inventory at the beginning of the year?