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(Solved by Expert Tutors) Eloise Camera Shop uses the lower-of-cost-or-market basis for its invent


December 31.


Item Units Unit Cost Market Value/Unit
Cameras
???Minolta 6 $174 $156
???Canon 10 144 183
Light Meters
???Vivitar 15 130 113
???Kodak 19 122 131


Determine the amount of the ending inventory by applying the lower-of-cost-or-market basis.


The ending inventory $



 


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Apr 19, 2020

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