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

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Question - Sheffield Video Center accumulates the following cost and net realizable data at December 31.

Inventory Categories Cost Data Net Realizable Value Data

Cameras $13,260 $13,592

Camcorders 10,498 10,719

Blu-ray players 15,470 14,255

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

Reference no: EM132178845

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