GigaBite Company's computer system recently crashed, erasing much of the company's financial data. The following accounting information was discovered soon afterwards on the Chief Financial Officer's back-up computer data.

Cost of Goods Sold	$ 391,000
Work-in-Process Inventory, Beginning	32,750
Work-in-Process Inventory, Ending	43,300
Selling and Administrative Expense	54,950
Finished Goods Inventory, Ending	16,650
Finished Goods Inventory, Beginning	?
Direct Materials Purchased	183,100
Factory Overhead Applied	128,500
Operating Income	28,050
Direct Materials Inventory, Beginning	21,300
Direct Materials Inventory, Ending	6,550
Cost of Goods Manufactured	351,000
Direct Labor	63,250

The Chief Financial Officer of GigaBite Company has asked you to recalculate the following accounts and report to him by week's end.

What should be the amount in the finished goods inventory at the beginning of the year?

Can you please explain how to solve the problem? thanks