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

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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

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

Reference no: EM132378951

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