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Should company xyz record the repackaging cost

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Reference no: EM132560258

In December 2017, some of Company XYZ's inventory was damaged. The cost to repack the damaged inventory was 5,000 to enable it be sold at 110,000. Cost for the batch is 100,000.

Question 1: Is there any adjusting entries for this information?

Question 2: Should Company XYZ record the repackaging cost as an expense?

Reference no: EM132560258

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