Assignment Instructions/ Description
I need help computing the lower-of-cost-or-net realizable value. Image transcription textapter 06
Question 5 of 19
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Cruz Video Center accumulates the following cost and net realizable data at December 31.
Net
Inventory
Cost
Realizable
Categories
Data
Value Data
Cameras
$12,300
$12,300
Camcorders
9,500
9,700
Blu-ray players
14,000
12,900
Compute the lower-of-cost-or-net realizable value valuation for the company's total inventory.
The lower-of-cost-or-net realizable value
$
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