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Question - Bonita Appliance Center accumulates the following cost and net realizable value data at December 31.

Inventory Categories

Cost Data

Net Realizable Value Data

Cameras

£15,001

£15,126

Camcorders

11,776

11,501

Blu-ray players

17,501

16,001

Compute the lower-of-cost-or-net realizable value valuation for the company's total inventory.

Accounting Basics, Accounting

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