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( 2 ) E 6 . 8 ( LO 4 ) Kinshasa Camera Shop uses the lower - of - cost - or - net
ELO Kinshasa Camera Shop uses the lowerofcostornet realizable value basis for its inventory. The following data are available at December Net Realizable Value Units Unit Cost Item Cameras Minolta Canon Light meters: Vivitar Kodak W W Instructions Determine the amount of the ending inventory by applying the lowerofcostornet realizable value basis.
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