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Vaughn Manufacturing has the following account balances at year end: Office supplies $ 3900 Raw materials 26500 Work-in-process 58500 Finished goods 96000 Prepaid insurance 5500
Vaughn Manufacturing has the following account balances at year end:
| Office supplies | $ | 3900 | |
| Raw materials | 26500 | ||
| Work-in-process | 58500 | ||
| Finished goods | 96000 | ||
| Prepaid insurance | 5500 |
What amount should Vaughn report as inventories in its balance sheet?
|
| $96000. |
|
| $99900. |
|
| $181000. |
|
| $184900. |
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Not For Profit Entities Audit And Accounting Guide
Authors: AICPA
1st Edition
1937351971, 978-1937351977
