On January $1,2021,$ Flapjack, Inc. had a Finished Goods Inventory of $$3,000.$ During the year, $$2,000$ of goods were sold and $$4,000$ goods were transferred out of Work in Progress Inventory. What is the balance of Finished Goods Inventory on December, $31,2021?$

$$5,000$

$$7,000$

$$6,000$

$$8,000$

Question $4(1$ point$)$

Recording direct labor costs:

Increases Finished Goods and Increases Wages Payable

Increases Factory Overhead and Decreases Work$-$in$-$Process

Increases Work$-$in$-$Process and Increases Wages Payable

Increases Factory Overhead and Increases Wages Payable