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Windsor, Inc. uses the lower-of-cost-or-market basis for its inventory. The following data are available at December 31 Cost Market Units per Unitper Unit Cameras $167
Windsor, Inc. uses the lower-of-cost-or-market basis for its inventory. The following data are available at December 31 Cost Market Units per Unitper Unit Cameras $167 134 Minolta Canon Light Meters Vivitar Kodak 156 114 118 125 145 What amount should be reported on Windsor, Inc.'s financial statements, assuming the lower-of-cost-or-market rule is applied? Total
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