Novak Corp. accumulates the following cost and net realizable value data at December 31. Inventory Categories Cost Data Net Realizable Value Cameras $12,020 $13,070 Camcorders 8,200 8,930 DVDs 10,150 9,080 Compute the lower-of-cost-or-net realizable value for companys inventory. The lower-of-cost-or-net realizable value $Enter a dollar amount

Novak Corp. accumulates the following cost and net realizable value data at December 31. Inventory Categories Cost Data Net Realizable Value Cameras $12,020 $13,070 Camcorders 8,200 8,930 DVDs 10,150 9,080 Compute the lower-of-cost-or-net realizable value for company's inventory. The lower-of-cost-or-net realizable value $