Question
Oriole Company accumulates the following cost and market data at December 31. Inventory Categories Cost Data Market Data Cameras $11,029 $12,109 Camcorders 8,094 8,664 DVDs
Oriole Company accumulates the following cost and market data at December 31.
Inventory Categories Cost Data Market Data
Cameras $11,029 $12,109
Camcorders 8,094 8,664
DVDs 11,777 10,467
Compute the lower-of-cost-or-market valuation for company's inventory.
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