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A company has four types of products in its inventory. The company applies the rules under lower of cost and net realizable value to it
A company has four types of products in its inventory. The company applies the rules under lower of cost and net realizable value to it inventory at the end of each year as shown below: The year-end adjustment based upon the information above would include a: Debit to Cost of Goods Sold $65. Credit to Inventory 5$0 Debit to inventory 565 Debit to Cost of Goods Sold S50
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