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Complete BE6-7 on page 295 for Lower of Cost or Market (LCM) at Cruz Video Center. Cameras have Cost Data of $12000 and Market Data

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Complete BE6-7 on page 295 for Lower of Cost or Market (LCM) at Cruz Video Center. Cameras have Cost Data of $12000 and Market Data of $12300, the LCM - [Select) Camcorders have Cost Data of $9500 and Market Data of $9700, the LCM - [Select] Blu-ray players have Cost Data of $14000 and Market Data of $12900, the LCM = [Select] BEB-/ Cruz Video Center accumulates the following cost and market data at D Inventory Cost Categories Data Cameras Camcorders Blu-ray players Compute the lower-of-cost-or-market valuation for the company's total inventory. $12,000 9,500 14,000 Market Data $12,300 9,700 12,900

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