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Inventory balance(s) vs Balance Sheet Balance(s)

My inventory balance sheet balances did not change from period to period.  I am confused somewhat because I do not remember that not ever being the case.  From period to period, the inventory balances are not stationary. 

The Cost of Goods shows the Stock Count adjustment being made, but nothing shows up in the inventory accounts.  Is this because the Stock Counts have not been approved?

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