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What is the inventory market value

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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?

Reference no: EM132603468

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