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D b) Tit is the result of an accumulation of unsaleable inventory d if the resulting Inventory turnover ratio is lower d) Never e) None of the above bank-reco Accounting Toc the process of match the corresponding 1 2 3 4 5 16 9 Bandito Company is evaluating its inventory under the LCM/NRV rule. The compile the following information 50 200 78 79 80 31 item Quantity Cost Per Unit NRV Per Unit Write off Hil225 $15 $17 B 300 $25 $22 200 $30 $22 D $45 $49 What should be the total amount credited to inventory in Bandito's journal entry when they record the appropriate LCM/NRV write-off? a) $0 b) 5900 c) $1,250 d) $3.000 e) None of the above Definition - Inv zes banking activity, bank's records nciliation Benefits 82 83 84 85 86 87 ak-recon. Hiation will require require a journal entry that appear on the bank 88 89 90 91 92 10. Which of the following requires a journal entry during a bank reconciliation? a) Outstanding Check b) Bank Service Charge Outstanding Deposit d) Ending Bank Statement Balance reconciliation Test | Accounting