Gremlins, Inc. is a manufacturer of water bottles. The company's Raw Materials Inventory only contains direct materials. $35,000 in Raw Materials were purchased during the year. Ending Raw Materials Inventory account was $4,000 higher than the beginning Raw Materials Inventory. Gremlins started the year with $19,000 it its Work-In-Progress inventory. By the end of the year, the Work-In-Progress Inventory had increased by $22,000. At the end of the year, the company reported $13,000 in its Finished Goods Inventory, which was a decrease of $4,500 from the beginning of the year