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Conway Inc. had the following inventory items on 12/31/xx Goods for sale in the store of another retailer on consignment from Conway Inc. that had
Conway Inc. had the following inventory items on 12/31/xx Goods for sale in the store of another retailer on consignment from Conway Inc. that had a cost of $3,400. Goods in the store of Conway Inc. placed on consignment from another company with a cost of $2,800. Goods owned by Conway Inc. that cost $3,400 have been damaged by water. The goods can be sold for $3,800 if $2,400 is spent cleaning and repairing them. How much of the above items should be included in the companys inventory on the December 31 Balance Sheet? $6200
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