a1 120 $290 $320 b4 110 160 110 c2 180 910 1030 d3 150 670 620 assume that crane uses a periodic inventory system, and that none of the inventory items can be grouped together for accounting purposes the opening inventory on january 1, 2020, was $3,200 in total prepare the yearend adjusting entries required to adjust to the lower of cost or net realizable value using the direct method (credit account titles are automatically indented when the amount is entered do not indent manually if no ent

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Solution Calulation of ending inventry besed an Lowe... View the full answer