Witty, Inc. uses a job-order cost system and had the following data available for 20X1.

-The ending inventory of finished goods is
A) $58,000.
B) $36,000.
C) $94,000.
D) $292,000.

Question

Witty, Inc. uses a job-order cost system and had the following data available for 20X1.
 
-The ending inventory of finished goods is
A) $58,000. 
B) $36,000. 
C) $94,000. 
D) $292,000.

Quizplus · Accepted Answer

The correct ending inventory of finished goods is $94,000. This value is typically determined based on the cost of goods manufactured, sales, and beginning inventory, but without additional context or calculations, $94,000 is the provided correct choice.