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Your company's ending inventory balance has increased from $1,000,000 at the end of 20 X...

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Accounting

Your company's ending inventory balance has increased from $1,000,000 at the end of 20 X 1 to $1,200,000 at the end of 20x2. Joe Whizkid, your controller, says the increase must be because you have more units in inventory. Is this the only possible explanation?
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