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Alou Appliance Center accumulates the following cost and market data at December 31. Inventory Categories Cost Data MarketData Camera's $12,000 $12,100 Camcorders 9,500 9,700 VCR's
Alou Appliance Center accumulates the following cost and market data at December 31. Inventory Categories Cost Data MarketData Camera's $12,000 $12,100 Camcorders 9,500 9,700 VCR's 14,000 12,800 Compute the lower-of-cost-or-market valuation for the company's total inventory
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