Question: the red highlight means I got the wrong answer, so all of these answers i got originally are wrong. G H I A I B
the red highlight means I got the wrong answer, so all of these answers i got originally are wrong. G H I A I B E F 1 Sandels Company was formed on January 1, and is preparing the annual financial 2 statement dated December 31. You are preparing the final closing adjustments. 3 Ending Inventory information about the four major items stocked for regular sale 4 is listed below: 14 Qty on Unit cost when Market Value Hand Acquired (FIFO) at Year-End 8 Air Flow 300 12 9 Bister Buster 425 38 10 Coolnite 200 11 Dudesly 1.000 35 12 13 Part 1: Compute the amount of Lower of Cost or Market Adjustment for Sandals Company. 14 Part 2: Prepare a journal entry to record the adjustmentto ending inventory Adjustment Required $ 14.00 $ 38.00 50.00 35.00 40 55 15 Credit 16 17 Cost of Goods Sold Inventory 19 Debit $ 3,750.00 18 3750
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