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algol [13]
3 years ago
9

Lawson Manufacturing Company has the following account balances at year end:

Business
1 answer:
soldi70 [24.7K]3 years ago
7 0

Answer:

C) $195,000.

Explanation:

Calculation for the amount that Lawson should report as inventories in its balance sheet

Raw materials 27,000

Add Work-in-process 59,000

Add Finished goods 109,000

Inventories $195,000

Therefore the amount that Lawson should report as inventories in its balance sheet will be 195,000

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