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During its first year of operations, Siverman Company paid $12,625 for direct materials and $10,000 for production workers' wages. Lease payments and utilities on the

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During its first year of operations, Siverman Company paid $12,625 for direct materials and $10,000 for production workers' wages. Lease payments and utilities on the production facilities amounted to $9000 while general, selling, and administrative expenses totaled $4,500. The company produced 5750 units and sold 3,500 units at a price of $8.00 a unit What is the amount of finished goods inventory on the balance sheet at year-end

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