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*Exercise 6-11 Freeze Frame Camera Shop uses the lower-of-cost-or-net realizable value for its inventory. The following data are available at December 31. Item Units Unit
*Exercise 6-11 Freeze Frame Camera Shop uses the lower-of-cost-or-net realizable value for its inventory. The following data are available at December 31. Item Units Unit Cost Market Value Cameras Minolta Canon $172 $152 170 140 Light meters: Vivitar Kodak 13 130 100 128 Determine the amount of the ending inventory by applying the lower-of-cost-or-net realizable value basis. 16 The ending inventory s
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