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Abtos Company is a U.S. manufacturer that is publicly. Abtos reports $12 million of inventory...

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Accounting

Abtos Company is a U.S. manufacturer that is publicly. Abtos reports $12 million of inventory on its balance sheet. This includes raw materials, work-in-process and finished goods. Is Abtos required to disclose the amounts for each class of inventory, or can it simply report the total $12 million balance on its balance sheet. Provide any Codification references that you use to answer this question.

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