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Charles Company's Balance Sheet Reports Raw Materials Inventory,$512,000; Finished Goods

Question 97

Multiple Choice

Charles Company's balance sheet reports Raw Materials Inventory,$512,000; Finished Goods Inventory,$667,000; and total inventories at $1,904,000.What is the value of Work-in-Process Inventory?


A) $1,479,000
B) $1,392,000
C) $725,000
D) $1,237,000

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