A manufacturer shows total assets of $419,000 and the following additional information: The composition of total Inventory is 30% Raw Materials Inventory, 50% Work-In-Process Inventory, and 20% Finished Goods Inventory. What dollar amount would be reported for each of the inventory accounts?

Question

A manufacturer shows total assets of $419,000 and the following additional information:  The composition of total Inventory is 30% Raw Materials Inventory, 50% Work-In-Process Inventory, and 20% Finished Goods Inventory. What dollar amount would be reported for each of the inventory accounts?

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The Answer of A manufacturer shows total assets of $419,000 and the following additional information:  The composition of total Inventory is 30% Raw Materials Inventory, 50% Work-In-Process Inventory, and 20% Finished Goods Inventory. What dollar amount would be reported for each of the inventory accounts?

A Manufacturer Shows Total Assets of $419,000 and the Following