Question: 1. Compute the proper inventory amount to be reported on Moose's statement of nancial position for Ell. Answer: P1.?B.. 2. By how much would the

1. Compute the proper inventory amount to be reported on Moose's statement of nancial position for Ell. Answer: P1.?B.. 2. By how much would the net income have been overstated {understated} if no adjustments were made to the above transactions? Answer: P1230110 understated

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