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Find how much is the ending inventory

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Reference no: EM132563382

Stocktake as at 31 December 2016 revealed inventory cost amount of $ 80,600. However, one batch of the inventory was damaged and need to be repackaged. The cost of repackaging was $ 5 to enable it to be sold at $ 110. The cost for the batch was $ 100 .

Question a) How much is the ending inventory?

Question b) Prepare the necessary adjusting entries!

Reference no: EM132563382

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