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On the balance sheet, inventory costs of a manufacturing firm are bbroken up into three sub-accounts: raw materials, work in process inventory, and finished goods
On the balance sheet, inventory costs of a manufacturing firm are bbroken up into three sub-accounts: raw materials, work in process inventory, and finished goods inventory. Explain why this is done. As a potential investor, how would you use this information? If you were a banker, about to give bowing a loan for raw materials, how would you use this information when making a decision whether or not to make a loan?
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