Super Tread Inc Calculate the Amount of Ending Finished Goods Inventory Reported on Super

Multiple Choice

Super Tread Inc. is a large manufacturer of auto tires. Super Tread has provided the following information: $$\begin{array} { | l | r | } \hline \text { Sales Revenue } & \$ 55,000 \\\hline \text { Beginning Finished Goods Inventory } & 15,500 \\\hline \text { Cost of Goods Sold } & 37,500 \\\hline \text { Cost of Goods Manufactured } & 44,500 \\\hline\end{array}$$ Calculate the amount of ending Finished Goods Inventory reported on Super Tread's balance sheet.

A) $10,500
B) $60,000
C) $22,500
D) $7000