The inventories of the Berry Company for the years 2010 and 2011 are as follows: Required Prepare
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Prepare the necessary journal entries at the end of each year to record the correct inventory valuation. Use the allowance method and assume that a periodic inventory system isused.
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Market January 1, 2010 December 31, 2010 December 31, 2011 Cost $10,000 13,000 15,000 $10,000 11,500 14,000
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Related Book For
Intermediate Accounting
ISBN: 978-0324659139
11th edition
Authors: Loren A. Nikolai, John D. Bazley, Jefferson P. Jones
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