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Birk Camera Shop Inc, uses the lower-of-cost-or-market basis for its inventory. The following data are available at December 31. What amount should be reported on

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Birk Camera Shop Inc, uses the lower-of-cost-or-market basis for its inventory. The following data are available at December 31. What amount should be reported on Birk Camera Shop's financial statements, assuming the lower-of-cost-or-market rule is applied

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