Solution-Compute the lower-of-cost-or-net realizable value

Compute the lower-of-cost-or-net realizable value

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Question - Bonita Appliance Center accumulates the following cost and net realizable value data at December 31.

Inventory Categories	Cost Data	Net Realizable Value Data
Cameras	£15,001	£15,126
Camcorders	11,776	11,501
Blu-ray players	17,501	16,001

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

Reference no: EM131866460

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Compute the lower-of-cost-or-net realizable value

Reference no: EM131866460

Reference no: EM131866460

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