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What is the amount of an adjustment

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Question - At the end of the year, Lonsdale Company's accounting records showed that they had 200 items in stock at a FIFO cost of $20 each. These normally sell for $25 each. The physical inventory count found only 190 items. What is the amount of an adjustment, if any, that must be made to the value of the inventory at year-end?

Reference no: EM133045852

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