The inventory account of Irick Company at December 31, 2014, included the following items: Based on the above information, the inventory account at December 31, 2014, should be reduced by
A) $45,400.
B) $45,200.
C) $69,400.
D) $51,400.

Question

The inventory account of Irick Company at December 31, 2014, included the following items:  Based on the above information, the inventory account at December 31, 2014, should be reduced by
A) $45,400. 
B) $45,200. 
C) $69,400. 
D) $51,400.

Quizplus · Accepted Answer

The Answer of The inventory account of Irick Company at December 31, 2014, included the following items:  Based on the above information, the inventory account at December 31, 2014, should be reduced by
A) $45,400. 
B) $45,200. 
C) $69,400. 
D) $51,400.

The Inventory Account of Irick Company at December 31, 2014