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Determine the amount of ending inventory that should be reported on Interior Advances' SFP. Gerard Limited reported inventory of $689,600 and accounts payable to suppliers
Determine the amount of ending inventory that should be reported on Interior Advances' SFP. Gerard Limited reported inventory of $689,600 and accounts payable to suppliers of $456,300 for the year ended 31 December 20 Times 6. The company has a periodic inventory system, and the inventory value given is the result of the physical count
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