Morgan Manufacturing Company has the following account balances at year end:
Office supplies $ 38,000
Raw materials 84,000
Work-in-process 67,000
Finished goods 74,000
Prepaid insurance 6,000
1. What amount should Morgan report as inventories in its balance sheet?
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Home » Business » Morgan Manufacturing Company has the following account balances at year end: Office supplies $ 38,000 Raw materials 84,000 Work-in-process 67,000 Finished goods 74,000 Prepaid insurance 6,000 1.