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Business, 22.09.2020 22:01 isaacb6727

Waterway Frame Camera Shop uses the lower-of-cost-or-net realizable value basis for its inventory. The following data are available at December 31. Item Units Unit Cost Market Value
Cameras:
Minolta 9 $170 $154
Canon 6 151 153
Light meters:
Vivitar 12 122 110
Kodak 20 120 135
Determine the amount of the ending inventory by applying the lower-of-cost-or-net realizable value basis.

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