Friends Company Had the Following Data Available The Ending Inventory of Finished Goods Is:
A) $292,000
B)

Friends Company had the following data available: $\begin{array}{ll}\text { Beginning direct- materials inventory } & \$ 26,000 \\\text { Beginning WIP Inventory } & 64,000 \\\text { Beginning finished goods inventory } & 58,000 \\\text { Direct material s purchased on account } & 148,000 \\\text { Direct material s requisitioned } & 82,000\\\text { Direct-lab or cost incurred } & 130,000 \\\text { Factory overhe ad incurred } & 146,000 \\\text { Cost of goods completed } & 292,000 \\\text { Cost of goods sold } & 256,000 \\\text { Overhead application rate } & 125 \% \\\text { (as a percent of direct- labor cost) } &\end{array}$ The ending inventory of finished goods is:

A) $292,000
B) $94,000
C) $58,000
D) $36,000