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The Inventory Account of Irick Company at December 31, 2014

Question 126

Multiple Choice

The inventory account of Irick Company at December 31, 2014, included the following items: The inventory account of Irick Company at December 31, 2014, included the following items:   Based on the above information, the inventory account at December 31, 2014, should be reduced by A)  $45,400. B)  $45,200. C)  $69,400. D)  $51,400. Based on the above information, the inventory account at December 31, 2014, should be reduced by


A) $45,400.
B) $45,200.
C) $69,400.
D) $51,400.

Correct Answer:

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