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Nash Camera Shop uses the lower-of-cost-or-net realizable value basis for its inventory. The following data are available at December 31. Item Units Unit Cost Net
Nash Camera Shop uses the lower-of-cost-or-net realizable value basis for its inventory. The following data are available at December 31. Item Units Unit Cost Net Realizable Value Cameras Minolta 8 #173,100 156.400 Canon 6 148,200 153.000 Light Meters Vivitar 12 124,700 116,000 Kodak 14 116,000 135,600 Determine the amount of the ending inventory by applying the lower-of-cost-or-net realizable value basis. The ending inventory w
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