Mamma's Cafe assigned the following costs to inventory on December 31:
Determine the correct December 31 inventory and recalculate current net income that is appropriate under generally accepted accounting principles. Justify your new valuation of inventory.

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Mamma's Cafe assigned the following costs to inventory on December 31:
  Determine the correct December 31 inventory and recalculate current net income that is appropriate under generally accepted accounting principles. Justify your new valuation of inventory.

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The Answer of Mamma's Cafe assigned the following costs to inventory on December 31:
  Determine the correct December 31 inventory and recalculate current net income that is appropriate under generally accepted accounting principles. Justify your new valuation of inventory.

Mamma's Cafe Assigned the Following Costs to Inventory on December