Pikachu Company had the following information for the prior year:

	Beginning Inventory (January 1)			Ending Inventory (December 31)
Work in Process Inventory	$	??		$	38,000
Finished Goods Inventory	$	??		$	33,000

Additional information for the year is as follows:

Direct materials used	$	215,000
Direct labor	$	165,000
Manufacturing overhead applied	$	175,000
Cost of goods manufactured	$	540,000
Unadjusted cost of goods sold	$	559,000

What amount should be in the beginning Finished Goods Inventory balance on January 1?

• $52,000

• $68,000

• $72,000

• $53,000