Question: Using the allowance method, record the journal entries to write down inventory. Use the information below. Cost December 31, 20X1 December 21, 20X2 December 31,

Using the allowance method, record the journal entries to write down

Using the allowance method, record the journal entries to write down inventory. Use the information below. Cost December 31, 20X1 December 21, 20X2 December 31, 20X3 December 31, 20X4 Entries for December 31, 20X2 45,000 50,000 55,000 60,000 Market 45,000 46,000 54.000 62,000 Entries for December 31, 20X3 Entries for December 31, 20X4 tinn calculate the ending inventory using the

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