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Compute lower-of-cost-or-market valuation for inventory

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Reference no: EM132713562

Question - Oriole Company accumulates the following cost and market data at December 31.

Inventory Categories

Cost Data

Market Data

Cameras

$11,029

$12,109

Camcorders

8,094

8,664

DVDs

11,777

10,467

Required - Compute the lower-of-cost-or-market valuation for company's inventory.

Reference no: EM132713562

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