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Brief Exercise 6-7 Sadowski Video Center accumulates the following cost and market data at December 31. Inventory Categories Cost Data Market Data Cameras $10,306 $11,376

Brief Exercise 6-7

Sadowski Video Center accumulates the following cost and market data at December 31.

Inventory Categories Cost Data Market Data
Cameras $10,306 $11,376
Camcorders 8,567 9,137
DVDs 10,699 9,569

Compute the lower-of-cost-or-market valuation for Sadowski inventory.

I am having trouble finding the lower of cost or market value??

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