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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 $10,692 $11,792

Brief Exercise 6-7

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

Inventory Categories

Cost Data

Market Data
Cameras $10,692 $11,792
Camcorders 8,770 9,420
DVDs 11,336 9,976

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

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