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Compute the lower-of-cost-or-market valuation for company

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Oriole Company accumulates the following cost and market data at December 31.

Inventory Categories             Market Data              Cost Data

Cameras                                $11,029                    $12,109

Camcorders                            8,094                        8,664

DVDs                                      11,777                  10,467

Problem 1: Compute the lower-of-cost-or-market valuation for company's inventory.

Reference no: EM132676523

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