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Kingbird, Inc. uses the lower-of-cost-or-market basis for its inventory. The following data are available at December 31. Market per Unitper Unit Cost Units Cameras $187
Kingbird, Inc. uses the lower-of-cost-or-market basis for its inventory. The following data are available at December 31. Market per Unitper Unit Cost Units Cameras $187 131 $150 140 Minolta Canon Light Meters Vivitar Kodak 104 141 13 125 What amount should be reported on Kingbird, Inc.'s financial statements, assuming the lower-of-cost-or-market rule is applied? Total
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