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3. Creve Couer Camera Inc, uses the lowerof-cost-on-net realizable value basis for its inventory. The following data are available at December 31 . Instructions What

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3. Creve Couer Camera Inc, uses the lowerof-cost-on-net realizable value basis for its inventory. The following data are available at December 31 . Instructions What amount should be reported on Creve Couer Camera's financial statements, assuming the lower-of-cost-ornet realizable value rule is applied

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