What accounts be included in entry to write-down inventory, Accounting Basics

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What accounts be included in entry to write-down inventory

Problem: At year-end, Waring Company determined that it should write down its inventory by $475. What account(s) will be included in the entry to write-down the inventory? Check all that apply Cost of Goods Sold unanswered Inventory unanswered Inventory Write-Down unanswered Loss on Inventory unanswered Valuation Write-Down

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Accounting Basics: What accounts be included in entry to write-down inventory

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