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During 2 0 2 3 Maxwell company discovered that it's ending inventories reported and its financial statements were mist stated by the following material amounts.

During $2023$ Maxwell company discovered that it's ending inventories reported and its financial statements were mist stated by the following material amounts. $2020$ understated by $120, 020 21$ overstated by $150, 000$ Mx uses the periodic inventory system and the FIFO method. The journal entry to correct the arrows would include

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