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What amount should lawson report as inventories

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Reference no: EM133095102

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

Office supplies P4,000

Raw materials 27,000

Work-in-process 59,000

Finished goods 92,000

Prepaid insurance 6,000

What amount should Lawson report as inventories in its statement of financial position?

Reference no: EM133095102

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