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Required: 1 . Calculate ending inventory using the lower of cost and net realizable value rule. 2 . Based on your analysis, prepare the journal
Required: Calculate ending inventory using the lower of cost and net realizable value rule. Based on your analysis, prepare the journal entry needed to adjust inventory.
Required: Calculate ending inventory using the lower of cost and net realizable value rule.
Based on your analysis, prepare the journal entry needed to adjust inventory.
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