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Your Company carries inventory at the lower of cost or market. Using the information below, what is the adjustment needed to the Inventory account? $4,200

Your Company carries inventory at the lower of cost or market. Using the information below, what is the adjustment needed to the Inventory account? $4,200 debit $5,400 debit $4,700 debit $5,400 credit $4,200 credit $4,700 credit

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