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Morgan Manufacturing Company Has the Following Account Balances at Year

Question 42

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Morgan Manufacturing Company has the following account balances at year end: Morgan Manufacturing Company has the following account balances at year end: What amount should Morgan report as inventories in its statement of financial position? A) $72,000. B) $76,000. C) $158,000. D) $162,000. What amount should Morgan report as inventories in its statement of financial position?


A) $72,000.
B) $76,000.
C) $158,000.
D) $162,000.

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