Business, 11.03.2020 23:00 Kjcampbell2
At the end of the year, inventory has a cost of $200,000 and a net realizable value of $195,000 due to normal business circumstances. Prepare the year-end adjusting entry, if any, for inventory using the lower of cost or net realizable value approach. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.)
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At the end of the year, inventory has a cost of $200,000 and a net realizable value of $195,000 due...
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