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    Principles of Financial Accounting Study Set 1
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    Exam 5: Accounting for Merchandising Operations
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    Mischa Company Has a Current Inventory Balance of $864,200
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Mischa Company Has a Current Inventory Balance of $864,200

Question 40

Question 40

Essay

Mischa Company has a current inventory balance of $864,200.
Instructions
Prepare the ending inventory adjustment required assuming a year-end inventory account revealed the following balance:
a. $862,500
b. $922,600
c. $864,200

Correct Answer:

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