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Assume the ABC Widget Company has a $8000 WIP inventory at the start of the year, During the course of the year, the business spends

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Assume the ABC Widget Company has a $8000 WIP inventory at the start of the year, During the course of the year, the business spends $240,000 on production and $238,000 on completed products. You have $8,000, pius $240,000 minus $238,000,1'or a total of $10,000 in work in progress inventory

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