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Assume that at the end of the reporting period, the perpetual inventory account reported an inventory balance of $3,800. necessary write-down is as follows.

 

"Assume that at the end of the reporting period, the perpetual inventory account reported an inventory balance of $3,800. necessary write-down is as follows." "Debit Inventory. Credit Inventory over and short" "Debit Inventory over and short, Credit Inventory" "Debit Cost of goods sold. Credit Inventory" None of above

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