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How transaction affect the company financial statements

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Question - Florida Company placed $145 of raw materials into production. How would this transaction affect the company's financial statements?

a. Raw materials goes lower $145 and WIP Inventory goes up at $145.

b. Raw materials goes up $145 and WIP Inventory goes lower at $145.

c. Raw materials goes lower $145 and WIP Inventory goes lower at $145.

d. Raw materials goes up $145 and WIP Inventory goes up at $145.

Reference no: EM132974167

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