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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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