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Ravsten Company uses a job-order costing system. On January 1, the beginning of the current year, the company?s inventory balances were as follows: Raw materials$17,500Work

Ravsten Company uses a job-order costing system. On January 1, the beginning of the current year, the company?s inventory balances were as follows:

Raw materials$17,500Work in process$9,760Finished goods$29,280

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