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Business, 27.09.2019 05:20 samueltaye

kim's retail had 800 units of inventory on hand at the end of the year. these were recorded at a cost of $ 13 each using the lastminusin, firstminusout (lifo) method. the current replacement cost is $ 9 per unit. the selling price charged by kim's retail for each finished product is $ 15. in order to record the adjusting entry needed under the rule, the merchandise inventory will be

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