Geneva Steel Corporation produces large sheets of heavy gauge steel. The company showed the following amounts relating to its production for the year just completed: Direct materials used in production $110,000 Direct labour costs for the year $ 55,000 Work in process, beginning $ 22,000 Finished goods, beginning $ 45,000 Cost of goods available for sale $288,000 Cost of goods sold $238,000 Work in process, ending $ 16,000 Question 13 (1 point) What was the balance of the finished goods inventory at the end of the year? OA) $ 95,000 B) $ 50,000. C) $193,000