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Central Appliance Center accumulates the following cost and market data at December 31. Compute the lower-of-cost-or-market valuation for the companys total inventory. nventory Categories Cameras

Central Appliance Center accumulates the following cost and market data at December 31.

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

nventory Categories Cameras Camcorders DVD players14,000 Cost Data Market Data $12,100 $12,000 9,500 9,700 12,800

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