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Clarence Incorporated produces gadgets. It currently has $ 1 2 , 3 0 0 in raw materials in its warehouse, along with $ 5 1

Clarence Incorporated produces gadgets. It currently has $12,300 in raw materials in its warehouse, along with $51,000 in finished
gadgets. In addition, it has $45,700 in gadgets at various stages of completion on its assembly line. What is Clarence's total inventory?
$51,000
$109,000
$63,300
$96,700
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