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1. The Vogelson Company accumulates the following cost and net realizable value data at December 31. Net Realizable Inventory Categories Cost Data Value Data Camera
1. The Vogelson Company accumulates the following cost and net realizable value data at December 31.
Net Realizable Inventory Categories Cost Data Value Data
Camera $11,000 $9,900
Camcorders 7,800 8,500
DVDs 14,000 12,000
What is the lower-of-cost-or-net-realizable-value of the inventory?
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