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The following transactions of Hannah Manufacturing transpired during the fiscal year ending June 30, 2018. July 1, 2017 Inventories: 1. Raw materials, P400,000. 2. Work

The following transactions of Hannah Manufacturing transpired during the fiscal year ending June 30, 2018.

July 1, 2017 Inventories: 1. Raw materials, P400,000. 2. Work in process, P200,000. 3. Finished goods, P1,000,000. 4. Factory supplies, P30,000.

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