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Crane Company has the following account balances at year end: Office supplies Raw materials Work-in-process Finished goods Prepaid insurance $ 4400 27500 60000 96000 5900

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Crane Company has the following account balances at year end: Office supplies Raw materials Work-in-process Finished goods Prepaid insurance $ 4400 27500 60000 96000 5900 What amount should Crane report as inventories in its balance sheet? $183500. $187900 $96000. $100400

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