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blossom inc uses a perpetual inventory system. at january 1 , 2 0 2 5 , inventory was 5 3 0 , 7 2 0

blossom inc uses a perpetual inventory system. at january 1,2025, inventory was 530,720 at both cost and net realizable value. at december 31,2025 the inventory was 709,280 at cost and 657,200 at net realizable value
prepare the entry under (a) the cost-of-goods sold method and (b) the loss method

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