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Q: 1)Record the adjust inventory down to market. 2) For what amount would MU inventory be reported in the December 31, 2013, balance sheet? 3)

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Q: 1)Record the adjust inventory down to market. 2) For what amount would MU inventory be reported in the December 31, 2013, balance sheet? 3) Prepare an updated gross profit section of a partial income statement accounting for this additional information.image text in transcribed

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