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The entertainment center accumulates the following cost and net realizable value (NRV) data at December 31. What is the lower-of-cost-or-net-realizable-value of inventory? Inventory Categories Cost
The entertainment center accumulates the following cost and net realizable value (NRV) data at December 31.
What is the lower-of-cost-or-net-realizable-value of inventory?
Inventory Categories | Cost Data | Market Data |
Camera | $11,000 | $10,200 |
Camcorders | 7,500 | 8,500 |
DVDs | 13,600 | 12,900 |
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