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Problem 1c At the end of the second quarter of year 2, the Controller updates the estimates since last quarter. Carrying cost of inventory $

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Problem 1c At the end of the second quarter of year 2, the Controller updates the estimates since last quarter. Carrying cost of inventory $ 162,745.00 Cost of completing WIP Inventory 17,000.00 Estimated cost to sell inventory 5,000.00 Estimated selling price of inventory 175,000.00 Based on IAS 2, should the candle company make an adjustments to the Inventory account

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