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Demonstrate lower-of-cost-or-market valuation for company

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Reference no: EM132755981

Tamarisk, Inc. accumulates the following cost and market data at December 31.

Inventory Categories: Cost Data: Market Data:

Cameras                       $10,254          $11,414

Camcorders                     $8,331      $8,941

DVDs                             $10,010         $8,980

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

Reference no: EM132755981

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