Answer (D) is correct . The ending inventory consists of three elements:? materials of $44,000, WIP of $70,000, and finished goods of $24,000, a total of $138,000.(44000+70000+24000)
Answer (A) is incorrect because This amount is the ending materials inventory.
Answer (B) is incorrect because This amount is the EWIP.
Answer (C) is incorrect because This amount is the finished goods inventory.
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