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Wendy Day Kite Company owns 100% of the outstanding stock of Strong String Company. At the end of the year, Wendy Day has total inventory

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Wendy Day Kite Company owns 100% of the outstanding stock of Strong String Company. At the end of the year, Wendy Day has total inventory of $17,250 and Strong String has total inventory of $9,950. Determine the amount of inventory that would be reported in Wendy Day's consolidated financial statements (assuming no transactions involving inventory occurred between the two companies) Inventory

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