Question: A physical count at year end revealed $ 2 0 , 0 0 0 of unsold inventory still on hand. It was determined that 8

A physical count at year end revealed $20,000 of unsold inventory still on hand.
It was determined that 80% of the goods that were paid for in advance (in item 6
A physical count at year end revealed $20,000 of unsold inventory

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