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Kropp Company gathered the following cost and market data at December 31. Product Cost Market Camera $11,000 $9,900 Camcorders 7,800 8,500 DVDs 14,000 12,000 The
Kropp Company gathered the following cost and market data at December 31.
| Product | Cost | Market |
| Camera | $11,000 | $9,900 |
| Camcorders | 7,800 | 8,500 |
| DVDs | 14,000 | 12,000 |
The carrying value of the inventory at December 31, assuming LCM is applied to individual products, is
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Financial Statement Analysis
Authors: K. R. Subramanyam, John J. Wild
10th edition
73379433, 73379432, 978-0073379432
