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Sheffield Manufacturing Company has the following account balances at year-end:
Office supplies
[tex]$ 4300 Raw materials 26000 Work-in-process 58500 Finished goods 97000 Prepaid insurance 5200 What amount should Sheffield report for inventories in its balance sheet? O $[/tex]101300
[tex]$97000 O $[/tex]181500
O $185800
What amount should Sheffield report for inventories in its balance sheet?