Cost Accounting: Following are year-end assets for a manufacturer and a merchandiser.

Following are year-end assets for a manufacturer and a merchandiser.
Account
Cash
Accounts receivable
Raw materials inventory
Work in process inventory
Finished goods inventory
Merchandise inventory Prepaid insurance
Company T
Company R
$ 6,000
$ 7,000
41,000
68,000
21,000
40,000
25,000
48,000
1,000
2,000

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