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Kari Downs, an auditor with Wheeler CPAs, is performing a review of Depue Companys inventory account. Depue did not have a good year, and top
Kari Downs, an auditor with Wheeler CPAs, is performing a review of Depue Companys inventory account. Depue did not have a good year, and top management is under pressure to boost reported income. According to its records, the inventory balance at year-end was $740,000. However, the following information was not considered when determining that amount. Prepare a schedule to determine the correct inventory amount.
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