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Missy Limited sells household cleaners and had the following items of inventories at reporting date. Item Window cleaners Vacuum cleaners Quantity 50 20 Cost/ unit
Missy Limited sells household cleaners and had the following items of inventories at reporting date. Item Window cleaners Vacuum cleaners Quantity 50 20 Cost/ unit $25 $150 NRV/unit $20 $160 What is the adjustment necessary at reporting date? DR Inventories $250 DR Inventories $0 OCR Inventories $100 OCR Inventories $50
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