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Current Attempt in Progress Best Buy uses the lower-of-cost-or-net realizable value basis for its inventory. The following data are available at Dece Net Realizable
Current Attempt in Progress Best Buy uses the lower-of-cost-or-net realizable value basis for its inventory. The following data are available at Dece Net Realizable Cost Value Units per Unit per Unit Cameras Minolta Canon Light Meters Vivitar 7 $187 $161 148 155 Kodak 20 12 127 105 10 110 129 What amount should be reported on Best Buy's financial statements, assuming the lower-of-cost-or-net realizable valu applied? What amount should be reported on Best Buy's financial statements, assuming the lower-of-cost-or-net realizable value rule is applied? Total $
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