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Arizona Company reports its inventory at the lower of cost and net realizable value (NRV) Below information related to its year-end inventory Inventory Item
Arizona Company reports its inventory at the lower of cost and net realizable value (NRV) Below information related to its year-end inventory Inventory Item Product A Quantity 500 Product B 600 Cost per Unit $10 NRV per Unit $8 $10 $11 What year-end adjusting entry should the company make, if any, to adjust the balance of its Inventory account?
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Accounting Tools for Business Decision Making
Authors: Paul D. Kimmel, Jerry J. Weygandt, Donald E. Kieso
6th edition
1118096894, 978-1-11921511, 978-1118096895
