Work-in-process inventory transactions. Transactions related to work-in-process inventory for a particular company over a four-year period appear below:(Appendix)

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Year 4 Year 5 Work-in-process Inventory, Jan. 1 ..... $ 67,900 Raw Materials Used Direct Labor Costs 247,800 $260,190 242,600 254.730 Year 6 Year 7 $ 72.615 156,115 $275.110 (continued)