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The following information was taken from the financial records of the Wilkens Corporation at December 31, 2022: Sales $1,800,000; Beginning Inventory $160,000: Ending Inventory $240,000;
The following information was taken from the financial records of the Wilkens Corporation at December 31, 2022: Sales $1,800,000; Beginning Inventory $160,000: Ending Inventory $240,000; and Gross Profit $600,000. Wilkens' days in inventory ratio for 2022 is 146 days. 122 days 61 days 097 days. Save for Later Attempts: 0 of 1 used Submit Answer Photos - Multi 5.png o + View Policies Current Attempt in Progress Inventory that originally cost $12000 was written down to its net realizable value of $10200 at the end of 2021. At the end of 2022, the net realizable value is determined to be $12500. At what amount should the inventory be reported on the December 31, 2022 statement of financial position? $10200 $10500 $12000 $12500 Save for Later Attempts: 0 of 1 used Submit
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