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. 8,000 ? Transferred Out
Purchases ?
End. Bal. 6,400
Cost of Goods Sold
57,000
Work-in-Process Inventory
Beg. Bal. 7,500 ? Transferred Out
Materials 18,000
Labor 13,500
Overhead 8,000
End. Bal. ?
Finished Goods Inventory
Beg. Bal. ? ? Transferred Out
Transferred in 39,500
End. Bal. 4,200

What is the value of the beginning Finished Goods Inventory?
$0.
$4,200.
$13,300.
$21,700.

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