It’s Kinda China produces collectible pieces of art. The company’s Raw material Inventory account includes the costs of both direct and indirect materials. Account balances for the company at the begi

It’s Kinda China produces collectible pieces of art. The company’s Raw material Inventory account includes the costs of both direct and indirect materials. Account balances for the company at the beginning and end of July 2008 follow:

Raw Materials Inventory $46,600 $34,800

Work in Process Inventory 73,200 60,000

Finished Goods Inventory 36,000 52,400

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