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At the end of fiscal 2014, Nicks Greenhouse counted inventory and determined that inventories of $57,160 were on hand. The 2014 unadjusted trial balance showed

At the end of fiscal 2014, Nicks Greenhouse counted inventory and determined that inventories of $57,160 were on hand. The 2014 unadjusted trial balance showed a balance in the inventory account of $60,000. Inventory at the start of the year was $68,880.

Which of the following accounting adjustments should Nicks Greenhouse record?

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