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The following information is for X Company, a manufacturer, in 2018: Direct materials purchased $33,696 Direct materials used 31,419 Direct labor 13,752 Overhead 21,478 Work

The following information is for X Company, a manufacturer, in 2018:

Direct materials purchased $33,696
Direct materials used 31,419
Direct labor 13,752
Overhead 21,478
Work in Process Inventory, January 1, 2018 7,098
Work in Process Inventory, December 31, 2018 9,776
Finished Goods Inventory, December 31, 2018 5,522
Cost of Goods Sold 61,555

What was the balance in Finished Goods Inventory on January 1, 2018?

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