SOLVE AND WRITE EQUATIONS

Waterway Industries accumulates the following cost and net realizable value data at December 31. Inventory Categories Cost Data Net Realizable Value Cameras $11,330 $12,480 Camcorders 8,700 9,550 DVDs 11,310 9,960 Compute the lower-of-cost-or-net realizable value for company's inventory. The lower-of-cost-or-net realizable value $