Net Realizable Value Assignment | Top Universities

Tour answer is COTTEL Wildhorse Camera Shop Inc. uses the lower-of-cost-or-net realizable value basis for its inventory. The following data are available at December 31.
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Net Realizable Value per Unit Cost per Unit Units Cameras Minolta 5 $158 $156 Canon Light Meters Vivitar 12 127 108 103 130 Kodak What amount should be reported on Wildhorse Camera Shop’s financial statements, assuming the lower-of-costornet realizable value rule is applied? Total 5 4236. Get Accounting Homework Help Today

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