Gateway Company Has The Following Account Balances At Year End; Office Supplies Raw Materials Work-In-Process Finished Goods Prepaid Insurance $ 4,000 27,000 59,000 97,000 6,000 What Amount Should Gateway Report As Inventories In Its Balance Sheet? O $187,000 O $101.000 $183,000 $97,000 • Previous

 

9 Question 18 Gateway Company has the following account balances at year end: Office supplies $4,000 Raw materials 27,000 Work-in-process 59,000 Finished goods 97,000 Prepaid insurance 6,000 What amount should Gateway report as inventories in its balance sheet? $187,000 $101,000 $183,000 $97,000 Previous