Business, 04.04.2020 08:27 sksksjs

On April 1, Robert LLC purchased two units of inventory, A and B. The cost of unit A was $650, and the cost of unit B was $625. On April 30, Robert LLC had not sold the inventory. The market value of unit A was now $685 while the market value of unit B was $550. The journal entry associated with the lower-of-cost-or-market method on April 30 will be:

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On April 1, Robert LLC purchased two units of inventory, A and B. The cost of unit A was $650, and t...

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