What is the ending-inventory as reported

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Kevin Farley, an auditor with Koews CPAs, is performing a review of Knight Company’s Inventory account. Knight did not have a good year, and top management is under pressure to boost reported income. According to its records, the inventory balance at year-end was $754,330. However, the following information was not considered when determining that amount.

Prepare a schedule to determine the correct inventory amount.

Question: What is the ending-inventory as reported?

Reference no: EM13893212

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