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Determining Merchandise to be Included or Excluded from Ending Inventory
The unadjusted inventory balance of Sara Ann Corp. is $800,000 on December 31, 2020, based on a physical inventory count. The following items must be considered before the inventory valuation is finalized.
Question 1: Considering items through , determine the adjusted inventory balance for Sara Ann Corp.
Adjusted inventory balance on December 31, 2020
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