Question - Bonita Appliance Center accumulates the following cost and net realizable value data at December 31.
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Inventory Categories
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Cost Data
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Net Realizable Value Data
|
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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.