# A&E Electronics design and manufacturer specialized switches for the telecommunications industry. The accounting records of the...

###### Question:

A&E Electronics design and manufacturer specialized switches for the telecommunications industry. The accounting records of the business reflect the following data at December 31,2018:

 Inventory 1/1/2018 31/12/2018 Raw Materials $260000$230000 Work-in-progress $332300$218800 Finished Goods $1075200$615000

Other Information:

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