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Compute the lower-of-cost-or-net realizable value valuation

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Vaughn Video Center accumulates the following cost and net realizable data at December 31.

Inventory.         Cost.          Net Realizable

Categories.         Data.        Value Data

Cameras.             $17,820.      $18,265

Camcorders.          14,107.        14,404

Blu-ray players.          20,790      19,156

Problem 1: Compute the lower-of-cost-or-net realizable value valuation for the company's total inventory.

Reference no: EM132689456

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