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he accounting records of Hobart Industries show the following information for the most recent year ended December 31: Dec. 31 Jan. 1 Inventory of work

he accounting records of Hobart Industries show the following information for the most recent year ended December 31: Dec. 31 Jan. 1 Inventory of work in process . . . . . . . . . . . . . . . . . . . . . . . . . . $ 40,000 $ 18,000 Inventory of finished goods

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