Shelley Co. uses a normal cost system and had the following data available for 20x8: Direct materials purchased on account $ 74,000 Direct materials used 41,000 Direct labor cost incurred 65,000 Factory overhead incurred Cost of goods manufactured Cost of goods sold 73,000 128,000 146,000 Beginning direct materials inventory Beginning WIP inventory Beginning finished goods inventory 13,000 32,000 29,000 Overhead application rate, as a percent of direct-labor costs 125% The ending balance of finished goods inventory is: $29,000 $18,000 O $47.000 $146,000 O $11.000