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What amount should sheridan report as inventories

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Reference no: EM132723416

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

Office supplies $4300

Raw materials 27000

Work-in-process 58500

Finished goods 97000

Prepaid insurance 5800

Required - What amount should Sheridan report as inventories in its balance sheet?

Reference no: EM132723416

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