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1. Ellen's Boutique follows the practice of pricing its inventory at the lower-of-cost-or-market, on an individual-item basis. Instructions: From the information above, determine the amount

image text in transcribed 1. Ellen's Boutique follows the practice of pricing its inventory at the lower-of-cost-or-market, on an individual-item basis. Instructions: From the information above, determine the amount of Ellen's Boutique inventory. Journalize any necessary entries using the allowance method

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