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quick Gateway Company has the following account balances at year end; Office supplies Raw materials Work-in-process Finished goods Prepaid insurance $ 4,000 27,000 59,000 97,000

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Gateway Company has the following account balances at year end; Office supplies Raw materials Work-in-process Finished goods Prepaid insurance $ 4,000 27,000 59,000 97,000 6,000 What amount should Gateway report as inventories in its balance sheet? O $187,000 O $101.000 $183,000 $97,000 Previous

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