E6-9 - E6-9 Correct. Americus Camera Shop uses the...

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Unformatted text preview: E6-9 Correct. Americus Camera Shop uses the lower-of-cost-or-market basis for its inventory. The following data are available at December 31. Item Cameras Minolta Canon Light Meters Vivitar Kodak Units Unit Cost Market 5 6 $170 150 $156 152 12 14 125 120 115 135 Instructions Determine the amount of the ending inventory by applying the lower-of-cost-or-market basis. $ 4740 ...
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