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Nbspprepare the necessary journal entry assuming the

Waldron Company carries three inventory items. The following information pertains to the ending inventory:

1815_264-B-M-A-I (1873).png

Required:

a. Determine the ending inventory that Waldron will report on the balance sheet, assuming that it applies the lower of cost or market rule to individual inventory items.

b. Prepare the necessary journal entry, assuming the decline in value was immaterial.

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Managerial Accounting: Nbspprepare the necessary journal entry assuming the

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