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Here are selected data for King Friday Corporation: Beginning raw materials inventory $37,000 Beginning work in process inventory $61,500 Beginning finished goods inventory $56,600 Cost

Here are selected data for King Friday Corporation:

Beginning raw materials inventory

$37,000

Beginning work in process inventory

$61,500

Beginning finished goods inventory

$56,600

Cost of materials purchased

$151,000

Cost of direct materials requisitioned

$91,300

Direct labor incurred

$125,000

Actual manufacturing overhead

$160,000

Cost of goods manufactured

$287,800

Cost of goods sold

$265,700

Manufacturing overhead rate (% of direct labor)

125%

What is the finished goods ending inventory?

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