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INVENTORY ACCOUNTS
Drinker International, Inc. is the parent company that owns casual dining chains Chili's Grill and Bar and Maggiano's Little Italy. You can learn more about the company. In its 2017 annual report, Drinker reported $24,997,000 in inventories on June 28, 2017. Would you expect Drinker to use all three categories of inventory-Raw Materials, Work in Process, and Finished Goods? Why or why not?
Could use some help and explanation of the three categories, thank you!
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