Question
Brackney Manufacturing Company has the following account balances at year-end: Office supplies $6,000 Raw materials 21,000 Work-in-process 44,000 Finished goods 52,000 Prepaid insurance 8,000 What
Brackney Manufacturing Company has the following account balances at year-end:
| Office supplies | $6,000 |
| Raw materials | 21,000 |
| Work-in-process | 44,000 |
| Finished goods | 52,000 |
| Prepaid insurance | 8,000 |
What amount should Brackney report as inventories in its balance sheet?
|
| $52,000. |
|
| $96,000. |
|
| $117,000. |
|
| $123,000. |
Brackney Manufacturing Company has the following account balances at year-end:
| Office supplies | $6,000 |
| Raw materials | 21,000 |
| Work-in-process | 44,000 |
| Finished goods | 52,000 |
| Prepaid insurance | 8,000 |
What amount should Brackney report as inventories in its balance sheet?
|
| $52,000. |
|
| $96,000. |
|
| $117,000. |
|
| $123,000. |
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A One-Year Accounting Course Part 2
Authors: Trevor Gambling
1st Edition
0080130267, 9780080130262
