Question - Sadowski Video Center accumulates the following cost and market data at December 31.
|
Inventory Categories
|
Cost Data
|
Market Data
|
|
Cameras
|
$11,771
|
$12,851
|
|
Camcorders
|
8,297
|
9,077
|
|
DVDs
|
12,693
|
11,653
|
Compute the lower-of-cost-or-market valuation for Sadowski inventory.