Jefferson Company produces two products from the same raw material input. At the split-off point, both products are processed further and then sold. During August, Jefferson Company spent $50,000 to purchase this raw material input. Production and sales data for the two products in August appears below: Product #1 Units produced ................... 9,000 Selling price .................... $4 per unit Additional processing costs ...... $12,000 Units sold ....................... 5,000 Product #2 Units produced ................... 14,000 Selling price .................... $6 per unit Additional processing costs ...... $28,000 Units sold ....................... 10,000 Jefferson Company had no inventories of any type at the beginning of August. Jefferson Company uses the net realizable value method to allocate joint costs to products. Calculate the dollar amount of finished goods inventory reported in Jefferson Company's August 31 balance sheet.