lactice Assignment Gradebook ORION Downloadable eTextbook inment FULL SCREEN PRINTER VERSION 4 BACK NEXT Question 7 At the end of its accounting year, Colin Corp.'s physical inventory count indicated that 180,000 units of inventory, costing $1.75 each, were on hand. The company's perpetual inventory system reported a balance of $357,600. The year-end adjusting entry is debit Inventory and credit Loss on Inventory Due to Count, $42,600. O debit Loss on Inventory Due to Count and credit Inventory, $42,600. debit Inventory and credit Loss on Inventory Due to Count, $92,400. O debit Loss on Inventory Due to Count and credit Inventory, $92,400. Question Attempts: 0 of 1 used SAVE FOR LATER SUBMIT ANSWER Open Assignment TIMER ESOURCES Question 6 To record a "basket purchase" or to allocate a joint product cost, which method is the most rational? average cost O relative sales value O fair value amortized cost by Study