Minot Company's inventory balance on December 31, 2012 was $775,000 before considering the following transactions:
Minot Company also had the following information available:
Given the above information, compute Minot Company's inventory balance on December 31, 2012.
Definitions:
Activist
An individual who takes deliberate action to bring about social, political, economic, or environmental change.
Tokenism
The practice of making only a perfunctory or symbolic effort to do a particular thing, especially by recruiting a small number of people from underrepresented groups in order to give the appearance of equality within a workforce.
All-male Group
A group or assembly consisting exclusively of male members, without participation from women or non-binary individuals.
All-White Group
A collective or assembly consisting exclusively of white individuals, which may be highlighted in discussions of diversity and inclusivity.
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