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What is the total amount of Pitts inventory at year-end

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Problem - On December 31, Pitts Manufacturing Company reports the following assets:

Cash

$ 50,000

Raw materials

$ 74,000

Work in process

176,000

Marketable securities

25,000

Equipment

950,000

Finished goods

150,000

Building

1,200,000

Goodwill

50,000

Required - What is the total amount of Pitts' inventory at year-end?

Reference no: EM132882708

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