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  3. inventory initial selling price: $1700 cos: $820 d

Inventory Initial Selling Price: $1700 COS: $820 Due to damage, the inventory can now only...

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Accounting

Inventory

Initial Selling Price: $1700

COS: $820

Due to damage, the inventory can now only be sold at $850

The damaged inventory is later sold to a customer for $850.

What are the journal entries related to these?

Answer & Explanation Solved by verified expert
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