When the physical count of Marigold Company inventory had a cost of $4270 at year end and the unadjusted balance in Inventory was $4610, Marigold will have to make the following entry: Cost of Goods Sold Inventory Cost of Goods Sold Inventory Inventory Cost of Goods Sold Income Summary Inventory 340 340 4610 4610 340 340 340 340

When the physical count of Marigold Company inventory had a cost of $4270 at year end and the unadjusted balance in Inventory was $4610, Marigold will have to make the following entry