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A manufacturing company reported total inventory of $75,000. Assuming the following account balances, what is this companys work-in- process inventory? Finished goods $15,000 Merchandise inventory

A manufacturing company reported total inventory of $75,000. Assuming the following account balances, what is this companys work-in- process inventory? Finished goods $15,000 Merchandise inventory $10,000 Raw materials $40,000 a. $60,000 b. $65,000 c. $20,000 d. $10,000

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