Sadowski Video Center accumulates the following cost and market data at December 31.
Inventory Categories
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|
Cost Data
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|
Market Data
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Cameras
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|
$12,476
|
|
$13,476
|
Camcorders
|
|
8,513
|
|
9,033
|
DVDs
|
|
12,146
|
|
10,876
|
Compute the lower-of-cost-or-market valuation for Sadowski inventory.
The lower-of-cost-or-market value
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$
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