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Question 1 ( 2 0 marks ) Charming Company is engaged in the manufacturing of contemporary fashion. The following are the account balances for the

Question 1(20 marks)
Charming Company is engaged in the manufacturing of contemporary fashion. The following are the account balances for the year ended 31 December 2023.
\table[[Direct materials inventory (1 Jan, 2023),$390,000
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