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Question 4 10 pts Your Company carries inventory at the lower of cost or market....

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Accounting

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Question 4 10 pts Your Company carries inventory at the lower of cost or market. Using the information below, what is the adjustment needed to the inventory account? Inventory cost Item Units market value $50 A 20 $50 B 25 $40 $38 C 30 $87.50 $75 $77.50 $80 D 10 O $350 debit $350 credit O $300 debit O $300 credit $50 debit $50 credit

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