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What entry should krautwortz make on december

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Question - Assume that Krautwwortz uses the indirect method when recording inventory at market. The allowance account has a credit balance of $300 before any adjustments necessary on December 31, 2006, and there are 300 units of product A and 400 units of Product B in ending inventory. What entry should Krautwortz make on December 31, 2006?

Reference no: EM132217902

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