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XYZ CORP HAS THE FOLLOWING PRELIMINARY INVENTORY DATA AT DECEMBER 31ST, 2018 INVENTORY COST 44,000 INVENTORY ALLOWANCE (PRIOR TO ADJUSTMENT) (800) NET 43,200 XYZ RECORDED

XYZ CORP HAS THE FOLLOWING PRELIMINARY INVENTORY DATA AT DECEMBER 31ST, 2018 INVENTORY COST 44,000 INVENTORY ALLOWANCE (PRIOR TO ADJUSTMENT) (800) NET 43,200 XYZ RECORDED THE FOLLOWING ADJUSTING ENTRY TO FINALIZE THE 2018 FS: LOSS DUE TO MARKET DECLINE OF INVENTORY INVENTORY ALLOWANCE 75 75 WHAT IS THE INVENTORY MARKET VALUE AT 12/31/18? 43125

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