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Inventory March 1, 2018 $171,750 Inventory February 28, 2019 $202,130 a) STATE the...

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Accounting

Inventory March 1, 2018 $171,750

Inventory February 28, 2019 $202,130

a) STATE the journal entries that are required to recognize the opening and closing inventory figures above.

b) Explain in your own words why there is a need for us to make these year end adjustments.

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