Tierney Construction, Inc. recently lost a portion of its financial records in an office theft. The following accounting information remained in the office files: Cost of goods sold Work in process inventory, January 1, 2016 Work in process inventory, December 31, 2016 Selling and Administrative Expenses Net Income Factory overhead Direct materials inventory, January 1, 2016 Direct materials inventory, December 31, 2016 Cost of goods manufactured Finished goods inventory, January 1, 2016 $ 83,750 20,000 15,750 18,000 32,500 20,750 27,000 14,625 102,250 33,125 Direct labor cost incurred during the period amounted to 2.5 times the factory overhead. The CFO of Tierney Construction, Inc. has asked you to recalculate the following accounts and to report to him by the end of tomorrow. What should be the amount in the finished goods inventory at December 31, 2016? Multiple Choice CACHE