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At the end of the year, Heath Company's accounting records showed that they had 6 0 items in stock at a FIFO cost of $
At the end of the year, Heath Company's accounting records showed that they had items in stock at a FIFO cost of $ each. These normally sell for $ each. However, the physical inventory count found only items.
What is the amount of an adjustment, if any, that must be made to the value of the inventory at yearend? Enter digits only, with no commas, decimal points, or dollar signs. Type if no adjustment is needed.
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