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What is lower-of-cost-or-net-realizable-value of inventory

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Question - The Vogelson Company accumulates the following cost and net realizable value data at December 31.

Inventory Categories

Cost Data

Net Realizable Value Data

Camera

$11,000

$9,900

Camcorders

7,800

7,800

DVDs

14,000

12,000

Required - What is the lower-of-cost-or-net-realizable-value of the inventory?

Reference no: EM132441503

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