Business, 13.04.2021 01:00 autumnguidry7628
Sage Company has been having difficulty obtaining key raw materials for its manufacturing process. The company therefore signed a long-term noncancelable purchase commitment with its largest supplier of this raw material on November 30, 2020, at an agreed price of $367,600. At December 31, 2020, the raw material had declined in price to $334,840. What entry would you make on December 31, 2020, to recognize these facts
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Sage Company has been having difficulty obtaining key raw materials for its manufacturing process. T...
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