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Kevin Farley, an auditor with Koews CPAs, is performing a review of Knight Company's Inventory account. Knight did not have a good year, and top

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Kevin Farley, an auditor with Koews CPAs, is performing a review of Knight Company's Inventory account. Knight 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 $745,490. However, the following information was not considered when determining that amount. Prepare a schedule to determine the correct inventory amount

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