During its first year of operations, F&F Company paid $14,000 for direct materials and $19,000 for production workers' wages. Lease payments and utilities on the production facilities amounted to $17,000 while general, selling, and administrative expenses totaled $8,000. The company produced 5,000 units and sold 3,000 units at a price of $15.00 a unit.

What is the amount of finished goods inventory on the balance sheet at year-end?

A.

$10,000

B.

$20,000

C.

$4,000

D.

$15,000

to $17,000 whilo gectoral, selline, and adreinistrative expenses betied $8,000. The company produced 5,000 units and sold 3,000 units as a price of $15,00 a unit. What is the amount of finished goods inventory on the belance shent at yearene? $510,000 B. $20,000 c. $4,000 b. $15,000