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What is the lower-of-cost-or-net realizable value valuation

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

Inventory Categories     Cost Data Net Realizable           Value Data

Cameras                                   $18,000                             $18,450

Camcorders                                14,250                              14,550

Blu-ray players                             21,000                             19,350

Problem 1: What is the lower-of-cost-or-net realizable value valuation for the company's total inventory?

Reference no: EM132686355

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