During its first year of operations, Silverman Company paid $17,665 for direct materials and $10,400 for production workers' wages. Lease payments and utilities on the production facilities amounted to $9,400 while general, selling, and administrative expenses totaled $4,900. The company produced 6,350 units and sold 3,900 units at a price of $8.40 a unit. What is the amount of finished goods inventory on the balance sheet at year-end? Multiple Choice $7,228 $14,455 $2,450 $9,750

During its first year of operations, Sivermen Company paid $17,665 for direct materials and $10,400 for production workes' weges Lease payments and utices on the production facilities amounted to $9,400 while general, selling, and administrative expenses tcealed $4,900. The company produced 6,350 units and sold 3,900 unts at a price of 58.40 a une What is the amount of finished goods inventory on the balance sheet at year-end? Maple Choice 57228 514,455 $2.450 59750