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    Dinha08's Avatar
    Dinha08 Posts: 1, Reputation: 1
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    #1

    Oct 21, 2008, 07:33 AM
    Obsolete inventory
    The inventory was noted in an audit process. How do I adjust my inventory to reflect that obsolete raw material? Does it have to be written-off?
    MF Controller's Avatar
    MF Controller Posts: 25, Reputation: 2
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    #2

    Oct 22, 2008, 10:14 AM

    Yes take a loss against your inventory reserves
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