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 $108,000 Direct labour costs for the year $56,000 Work in process, beginning $21,200 Finished goods, beginning $47,000 Cost of goods available for sale $293,500 Cost of goods sold $227,500 Work in process, ending $18,500 A What was the balance of the finished goods inventory at the end of the year? B What was the manufacturing overhead cost for the year