Harlan Enterprises manufactures smartphones. Currently, Harlan has $14,000 in raw materials and $25,000 in finished goods in its warehouse. It also has $18,600 in work in process goods on its assembly line. Harlan erroneously includes the work in process goods as part of finished goods inventory, listing work in process inventory as $0. What effect will this have on Harlan's total inventory? O It will cause the total inventory to be $18,600 higher than expected. O It will have no impact on the total inventory. O It will cause the total inventory to be $9,300 higher than expected. O It will cause the total inventory to be $18,600 lower than expected.

Harlan Enterprises manufactures smartphones. Currently, Harlan has $14,000 in raw materials and $25,000 in finished goods in its warehouse. It also has $18,600 in work in process goods on its assembly line. Harlan erroneously includes the work in process goods as part of finished goods inventory, listing work in process inventory as $0. What effect will this have on Harlan's total inventory? O It will cause the total inventory to be $18,600 higher than expected. O It will have no impact on the total inventory. O It will cause the total inventory to be $9,300 higher than expected. O It will cause the total inventory to be $18,600 lower than expected.

Cornerstones of Cost Management (Cornerstones Series)

4th Edition

ISBN:9781305970663

Author:Don R. Hansen, Maryanne M. Mowen

Publisher:Don R. Hansen, Maryanne M. Mowen

Chapter2: Basic Cost Management Concepts

Section: Chapter Questions

Problem 3CE: Pietro expects to produce 50,000 units and sell 49,300 units. Beginning inventory of finished goods...

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