Pikachu Company had the following information for the prior year: Beginning Inventory (January 1) Ending Inventory (December 31) Work in Process Inventory $ ?? $ 44,000 Finished Goods Inventory $ ?? $ 39,000 Additional information for the year is as follows: Direct materials used $ 245,000 Direct labor $ 195,000 Manufacturing overhead applied $ 205,000 Cost of goods manufactured $ 570,000 Unadjusted cost of goods sold $ 589,000 What amount should be in the beginning Finished Goods Inventory balance on January 1?

a. 58,000

b. 78,000

c. 74,000

d. 59,000