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Required information The following miformanion applies to the questions displayed bellow? A compary like Goif USA that seas golfuelated inventory typicaly wat have invertory arems

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Required information The following miformanion applies to the questions displayed bellow? A compary like Goif USA that seas golfuelated inventory typicaly wat have invertory arems such as got clothing and god equipment. As technology advances the design and periormance of the next generatuon of dinvers, the older models become less marketable and therefore decline in value Suppose that in the cutrent year, Ping (a manulacturer of goif clubs) introduces the MegaDrivet li, the new and improved vession of the MegaOitwer Beflow are year end amourts related to God USA simventory 1. Defermine the impact of the adjusting entry in the financial statements (Amounts to be deducted should be entered wish minus ign.)

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