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

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Question - 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

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

Reference no: EM132732355

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