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The Entertainment Center accumulates the following cost and net realizable value (NRV) data at December 31. Inventory Categories Cost Data Market Data Camera $11,200 $10,000
The Entertainment Center accumulates the following cost and net realizable value (NRV) data at December 31. Inventory Categories Cost Data Market Data Camera $11,200 $10,000 Camcorders 7,700 8,800 DVDs 13,900 12,700 What is the lower-of-cost-or-net-realizable-value of the inventory? Lower-of-cost-or-market value of the inventory $
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