acc362 connor video center accumulates the following cost and market data at decembe 491761

Connor Video Center accumulates the following cost and market data at December 31.

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Inventory

Categories

Cost Data

Market Data

Cameras

12,500

13,400

Camcorders

9,000

9,500

DVDs

3,000

12,800

Compute the lower-of-cost-or-market valuation for O’Connor’s inventory.

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