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12) The Vogel Company accumulates the following cost and market value data at December 31. Market Inventory Categories Cost Data Value Data Camera $11,000 $9,900

12) The Vogel Company accumulates the following cost and market value data at December 31.

Market

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-market for each of the 3 items of inventory?

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