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50. When DoCo takes delivery on January 25, 20X9, the NRV price of nuts is $1.75 per pound. As a result, DoCo should . .

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50. When DoCo takes delivery on January 25, 20X9, the NRV price of nuts is $1.75 per pound. As a result, DoCo should . . . a. debit Inventory $17,500 b. debit Inventory $22,000 c. debit Loss $4,500 d. debit Retained Earnings $3,000

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