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Business, 18.05.2021 19:10 Dweath50

era Shop uses the lower-of-cost-or-net realizable value basis for its inventory. The following data are available at December 31. Item Units Unit Cost Market Value Cameras: Minolta 12 $163 $155 Canon 7 151 153 Light meters: Vivitar 14 123 113 Kodak 18 120 135 Determine the amount of the ending inventory by applying the lower-of-cost-or-net realizable value basis.

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era Shop uses the lower-of-cost-or-net realizable value basis for its inventory. The following data...

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