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Inventory was received on 1/3/21 for the calendar year-end 12/31/21 for $1M. The terms were FOB shipping. What audit adjusting entry is needed at 12/31/20

Inventory was received on 1/3/21 for the calendar year-end 12/31/21 for $1M. The terms were FOB shipping. What audit adjusting entry is needed at 12/31/20 for this inventory shipment?

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