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Compute the lower-of-cost-or-market valuation

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Reference no: EM132452013

Problem - Sadowski Video Center accumulates the following cost and  market data at December 31.

Inventory Categories

Cost Data

Market Data

Cameras

$10,920

$12,070

Camcorders

8,750

9,630

DVDs

10,804

9,754

Required - Compute the lower-of-cost-or-market valuation for Sadowski inventory.

Reference no: EM132452013

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