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Ending balance of account

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123 Company has year end inventory of $526k on the books. The Company has consigned goods at a nearby warehouse costing $56k, and not on books. $24,575 in inventory was damaged in flood last month. What is ending balance of account?

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Response provides steps to compute the ending balance of account

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Co. has YE inventory of $526k on books. Co has consigned goods at nearby warehouse costing ...

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