Lawson Manufacturing 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 Lawson report as inventories in its balance sheet? $187.000 $101.000 $97.000. $183,000. D Question 30 2 nts Question 30 2 pts White Corporation uses the FIFO method for internal reporting purposes and LIFO for external reporting purposes. The balance in the LIFO Reserve account at the end of 2012 was $120,000. The balance in the same account at the end of 2013 is $180,000. White's Cost of Goods Sold account has a balance of $900,000 from sales transactions recorded during the year. What amount should White report as Cost of Goods Sold in the 2013 income statement? $1,080,000 $960,000. $900,000. $840,000. Question 31