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Question 4 of 5 < > 0/1 !!! Concord Camera Shop uses the lower-of-cost-or-net realizable value basis for its inventory. The following data are
Question 4 of 5 < > 0/1 !!! Concord 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 #170,200 #157,700 Canon 6 150,700 152,500 Light Meters Vivitar 12 124,000 114,700 Kodak 14 114,700 134,400 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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