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At the end of a reporting period, Gaston Corporation determines that its ending inventory has a cost of $6,500 and a net realizable value of

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At the end of a reporting period, Gaston Corporation determines that its ending inventory has a cost of $6,500 and a net realizable value of $5.800. The adjustment to write down inventory to net realizable value would include: Multiple Choice 11 Adebit to inventory for $5,800 Acredit to inventory for $700 A debit to cost of goods sold for $5,800 A credit to cost of goods sold for 5700

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