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.	8,500	?	Transferred Out
Purchases	?
End. Bal.	6,900

Cost of Goods Sold
	62,000

Work-in-Process Inventory
Beg. Bal.	8,000	?	Transferred Out
Materials	19,000
Labor	14,000
Overhead	8,500
End. Bal.	?

Finished Goods Inventory
Beg. Bal.	?	?	Transferred Out
Transferred in	40,000
End. Bal.	4,700

What is the value of the beginning Finished Goods Inventory?