It is Decomber 31, the end of the year, and the controller of Santana Corporation...
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Accounting
It is Decomber 31, the end of the year, and the controller of Santana Corporation is applying the lower-of-cost-cr-emarket (LCM) nule to inventories. Before any year-end adjustments, the company reports the following data: (Cick the icon to view the data.) Santanadetemines that the net rasluable value of ending inventory is $47,000 show what Sartanashould report for ending inventory and for cost of goods sold. Identify the financial statement where each item appears Data table
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