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Teal Mountain Inc. accumulates the following cost and market data at December 31. Inventory Categories Cost Data Market Data Cameras $10,252 $11,362 Camcorders 8,074 8,774

Teal Mountain Inc. accumulates the following cost and market data at December 31. Inventory Categories Cost Data Market Data Cameras $10,252 $11,362 Camcorders 8,074 8,774 DVDs 10,987 9,547 Compute the lower-of-cost-or-market valuation for companys inventory. The lower-of-cost-or-market value $

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