madelineb6243
03.11.2020 •
Business
Items in Inventory 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 What is the total amount of Pitts' inventory at year-end
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Ответ:
$400,000
Explanation:
Inventory for a manufacturing company will include Raw materials, Work in Process goods as well as Finished Goods.
Pitts Manufacturing Company will therefore have a total inventory of;
= Raw Materials + Work in Process + Finished goods
= 74,000 + 176,000 + 150,000
= $400,000
Ответ:
mk
Explanation: