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What is the lower-of-cost-or-market of the inventory

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Question

The Vogelson Company accumulates the following cost and market value data at December 31.

Inventory

Categories Cost Data Market Value Data

Camera $11,000 $9,900

Camcorders 7,800 8,500

DVDs 14,000 12,000

What is the lower-of-cost-or-market of the inventory?

Lower-of-cost-or-market value of the inventory $

Reference no: EM132344223

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