During its first year of operations, Silverman Company paid $10,285 for direct materials and $9,800 for production workers' wages. Lease payments and utilities on the production facilities amounted to $8,800 while general, selling, and administrative expenses totaled $4,300. The company produced 5,450 units and sold 3,300 units at a price of $7.80 a unit.

What is the amount of finished goods inventory on the balance sheet at year-end? (Do not round intermediate calculations.)

$8,250 $5,698 $11,395 $2,150