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Exhibit 20-2 Calumet Company Sells Slippers

Question 80

Multiple Choice

Exhibit 20-2 Calumet Company sells slippers. The following information is available for Calumet's inventory for 2011:
Exhibit 20-2 Calumet Company sells slippers. The following information is available for Calumet's inventory for 2011: Refer to Exhibit 20-2. Calculate Calumet's market loss for the year. A) $50,000 B) $600,000 C) $1,200,000 D) $360,000 Refer to Exhibit 20-2. Calculate Calumet's market loss for the year.


A) $50,000
B) $600,000
C) $1,200,000
D) $360,000

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