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Business, 23.03.2020 19:34 AceTest

Brief Exercise 198 The Entertainment Center accumulates the following cost and net realizable value (NRV) data at December 31.

Inventory Categories Cost Data Market Data
Camera $11,200 $10,000
Camcorders 7,700 8,800
DVDs 13,900 12,700

Compute the lower-of-cost-or-net realizable value for company's inventory.

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Brief Exercise 198 The Entertainment Center accumulates the following cost and net realizable value...
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