Final answer:
WC would report a total inventory of $111,000 on its statement of financial position at the end of the year.
Step-by-step explanation:
The amount of inventory that Willo Corp. (WC) would report on its statement of financial position at the end of the year can be calculated by adding the book value of WC's 100% owned inventory to its share of the joint operation's inventory.
WC's 100% owned inventory has a book value of $90,000.
WC has a 30% interest in the joint operation, so its share of the joint operation's inventory would be 30% of $70,000, which is $21,000.
Therefore, WC would report a total inventory of $90,000 + $21,000 = $111,000 on its statement of financial position at the end of the year.