Cullumber Video Center accumulates the following cost and net realizable value data at December 31. Inventory Categories Cameras Camcorders DVDs Cost $10,280 8,410 11,570 Net Realizable Value Lower-of-cost-or-net realizable value $11,520 LA 9,170 Compute the lower-of-cost-or-net realizable value for the company's inventory. 10,430

Cullumber Video Center accumulates the following cost and net realizable value data at December 31. Compute the lower-of-cost-or-net realizable value for the company's inventory. Lower-of-cost-or-net realizable value