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(Solution) - Cleopatra Inc which uses the perpetual inventory method rece

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Cleopatra, Inc., which uses the perpetual inventory method, recently had an agency count its inventory of frozen burritos. The agency left the following inventory sheet:



Complete the inventory calculations for Cleopatra (items a?d) and provide the journal entry necessary to adjust ending inventory, if necessary. The balance in Inventory before the physical count was$321.10.

 







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This question was answered on: Jul 11, 2017

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