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As an intermediate accounting student, you have been asked to help Unipal Company in adjusting the balance of the allowance account at year-end in the
As an intermediate accounting student, you have been asked to help Unipal Company in adjusting the balance of the allowance account at year-end in the following table related to its inventory valuation to agree with the discrepancy between cost and the lower-of-cost-or-market at that balance sheet date. ( 8 points)
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