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Use of an Allowance to record inventory as NRV instead of cost Ending inventory (cost) $ 82,000 Ending inventory (at NRV) 70,000 Adjustment $ 12.000

Use of an Allowance to record inventory as NRV instead of cost Ending inventory (cost) $ 82,000 Ending inventory (at NRV) 70,000 Adjustment $ 12.000 (1). What's the journal entry using an allowance? (2). Presentation of Inventory Using an Allowance Account

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