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Question - Mark Corp has the following preliminary inventory data at December 31st, 2018:
Inventory Cost: 52,000
Inventory allowance (Prior to Adjustment): (1,700)
Net: 50,300
Mark recorded the following adjusting entry to finalize the 2018 FS:
Loss due to market decline of inventory: 50
Inventory Allowance: 50
What is the inventory market value at 12/31/2018?
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