Business, 19.03.2021 01:50 samirahscott

Tamarisk Inc. uses a perpetual inventory system. At January 1, 2020, inventory was $211,116,400 at both cost and realizable value. At December 31, 2020, the inventory was $280,907,700 at cost and $263,724,500 at realizable value. Prepare the necessary December 31 entry under (a) the cost-of-goods-sold method (b) Loss method

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Tamarisk Inc. uses a perpetual inventory system. At January 1, 2020, inventory was $211,116,400 at b...

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