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

The following information is for X Company, a manufacturer, in 2018: Direct materials purchased Direct materials used Direct labor Overhead Work in Process Inventory, January 1, 2018 Work in Process Inventory, December 31, 2018 Finished Goods Inventory, January 1, 2018 Cost of Goods Sold $37,463 35,141 15,207 24,386 6,140 6,798 3,412 71,590 What was the balance in Finished Goods Inventory on December 31, 2018? Submit Answer Tries 0/3