BE6-7 Alou Appliance Center accumulates the following cost and market data at December 31.
Inventory Categories | Cost Data | Market Data | |
Cameras | 12,000 | 12,100 | |
Camcorders | 9,500 | 9,700 | |
DVDs | 14,000 | 12,800 |
Compute the lower-of-cost-or-market valuation for the company’s total inventory
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