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Question 12 of 12 Question 12 of 12 View Policies Current Attempt in Progress Nash Camera Shop lnc uses the lower-of-cost-or-net realizable value basis for
Question 12 of 12
Question 12 of 12 View Policies Current Attempt in Progress Nash Camera Shop lnc uses the lower-of-cost-or-net realizable value basis for its inventory. The following data are available at December 31. Cameras Minolta Canon Light Meters Vivitar Kudak units per Unit $167 Realizable Value per Unit $164 156 114 What a mount should be reported on Nash Camera Shop's financial statements, assuming the lower-of-cost-or-net realiza ble value rule is applied? Total $
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