Brief Exercise
Wildhorse Appliance Center accumulates the following cost and net realizable value data at December 31.
| Inventory Categories |
Cost data |
Net realizable value data |
|
Cameras
|
£12,810
|
£12,920
|
|
camcorders
|
10,059
|
9,524
|
|
Blu-ray players
|
10,949
|
13,660
|
Compute the lower-of-cost-or-net realizable value valuation for the company's total inventory.