The financial records for the Harrison Manufacturing Company have been destroyed in a fire. The following information has been obtained from a separate set of books maintained by the cost accountant. The cost accountant now asks for your assistance in computing the missing amounts.

Direct Materials Inventory
Beg. Bal.	8,800	?	Transferred Out
Purchases	?
End. Bal.	7,200

Cost of Goods Sold
	65,000

Work-in-Process Inventory
Beg. Bal.	8,300	?	Transferred Out
Materials	19,600
Labor	14,300
Overhead	8,800
End. Bal.	?

Finished Goods Inventory
Beg. Bal.	?	?	Transferred Out
Transferred in	40,300
End. Bal.	5,000

What is the value of the beginning Finished Goods Inventory?

Multiple Choice

• $0.

• $5,000.

• $29,700.

• $14,100.