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Merchandise inventory includes all goods that a client owns, holds title to, and has available for sale, regardless of where the goods are located when

image text in transcribed Merchandise inventory includes all goods that a client owns, holds title to, and has available for sale, regardless of where the goods are located when inventory is counted at year end. Your client, Jewelry, Inc., has $17,000 listed in its counted ending inventory as of December 31, 2021. [This amount is made up of three boxes: one for $5,000; one for $10,000; and one for $2,000.]

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