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Charles Company's Balance Sheet Reports Raw Materials Inventory, $570,000; Finished

Question 108

Multiple Choice

Charles Company's balance sheet reports Raw Materials Inventory, $570,000; Finished Goods Inventory, $695,000; and total inventories at $1,901,000. What is the value of Work-in-Process Inventory?


A) $1,776,000
B) $1,331,000
C) $636,000
D) $1,206,000

Correct Answer:

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