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Work-in-Process is an inventory account related to manufacturing. True False Question 31 (1 point) If opening inventory is overstated, net income is understated. True False

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Work-in-Process is an inventory account related to manufacturing. True False Question 31 (1 point) If opening inventory is overstated, net income is understated. True False Question 32 (1 point) The formula for cost of goods sold is: Beginning Inventory + Purchases + Ending Inventory True False

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