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Brief Exercise 6-7 Sweet Acacia Industries accumulates the following cost and market data at December 31. Inventory Categories Cost Data Market Data Cameras $10,092 $11,242
Brief Exercise 6-7
Sweet Acacia Industries accumulates the following cost and market data at December 31.
| Inventory Categories | Cost Data | Market Data | ||
|---|---|---|---|---|
| Cameras | $10,092 | $11,242 | ||
| Camcorders | 8,717 | 9,317 | ||
| DVDs | 10,959 | 9,819 |
Compute the lower-of-cost-or-market valuation for companys inventory.
| The lower-of-cost-or-market value | $Enter a dollar amount
|
|---|
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