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Olsson Video Center accumulates the following cost and market data at December 31. Inventory Categories Cost Data Market Data Cameras $12,500 $13,400 Camcorders 9,000 9,500
Olsson Video Center accumulates the following cost and market data at December 31. Inventory Categories Cost Data Market Data Cameras $12,500 $13,400 Camcorders 9,000 9,500 DVDs 13,000 12,200 Compute the lower-of-cost-or-market valuation for Olsson inventory. The lower-of-cost-or-market value $
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