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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 $12,191 $13,241
Brief Exercise 6-7
Sadowski Video Center accumulates the following cost and market data at December 31.
| Inventory Categories | Cost Data | Market Data |
| Cameras | $12,191 | $13,241 |
| Camcorders | 8,603 | 9,113 |
| DVDs | 10,688 | 9,628 |
Compute the lower-of-cost-or-market valuation for Sadowski inventory.
| The lower-of-cost-or-market value | $ |
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Financial Accounting
Authors: W Steve Albrecht, Earl K Stice
11th Edition
0538746955, 9780538746953
