Answer:
The asset would have been overestimated
Explanation:
An inventory account deals with assigning values to all the items or goods that are involved in the production process ranging from raw goods, processed goods to market-ready goods. 
<em>An inventory represents an asset to a company. Hence, the presence of empty boxes in the storeroom if otherwise taken as full boxes will lead to an overestimation of the asset unless they are discovered.</em>
 
        
             
        
        
        
Answer:
C expense meaning cost money
 
        
                    
             
        
        
        
Answer:
 Work in process inventory at April 30 is $4,700
Explanation:
In this question, we apply the cost of goods manufactured formula which is shown below:
Cost of goods manufactured = Opening balance of work in progress  + total manufacturing cost - ending balance of work in progress
where, 
Total manufacturing cost =  Direct material + direct labor + overhead 
                                           = $27,000 + $30,000 + $8,000
                                            = $65,000
So, the ending balance work in progress equal to
=  $9,000 + $65,000 - $69,300
=  $4,700