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QUESTION 7 Bristol Manufacturing Company has the following account balances at year-end: Office supplies Raw materials Work-in-process Finished goods Prepaid insurance $ 8,000 54,000
QUESTION 7 Bristol Manufacturing Company has the following account balances at year-end: Office supplies Raw materials Work-in-process Finished goods Prepaid insurance $ 8,000 54,000 118,000 226,000 12,000 What amount should Lawson report for inventories in its balance sheet? $218,000 $226,000 $390,000 $398,000
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