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Q3: The Entertainment Center accumulates the following cost and net realizable value (NRV) data at December 31. Cost NRV Inventory Categories Data Data $11,000 8,000 Camera $10,200 Camcorders 8,500 DVDS 14,000 12,600 What is the lower-of-cost-or-net-realizable-value of the inventory?

Q3: The Entertainment Center accumulates the following cost and net realizable value (NRV) data at December 31. Cost NRV Inventory Categories Data Data $11,000 8,000 Camera $10,200 Camcorders 8,500 DVDS 14,000 12,600 What is the lower-of-cost-or-net-realizable-value of the inventory?

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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11:10 1 A Ims.yu.edu.sa Q3: The Entertainment Center accumulates the following cost and net realizable value (NRV) data at December 31. Inventory Cost NRV Categories Data Data $11,000 8,000 Camera $10,200 Camcorders 8,500 DVDS 14,000 12,600 What is the lower-of-cost-or-net-realizable-value of the inventory?
Transcribed Image Text:11:10 1 A Ims.yu.edu.sa Q3: The Entertainment Center accumulates the following cost and net realizable value (NRV) data at December 31. Inventory Cost NRV Categories Data Data $11,000 8,000 Camera $10,200 Camcorders 8,500 DVDS 14,000 12,600 What is the lower-of-cost-or-net-realizable-value of the inventory?
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