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	$80,000
Work in process inventory, January 1, 2013	18,500
Work in process inventory, December 31, 2013	14,500
Selling and Administrative Expenses	16,000
Net Income	30,000
Factory overhead	20,000
Direct materials inventory, January 1, 2013	26,000
Direct materials inventory, December 31, 2013	14,000
Cost of goods manufactured	98,000
Finished goods inventory, January 1, 2013	31,000

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, 2013?

$55,500.

$35,000.

$43,000.

$49,000.