Intermediate Accounting: BE6-7 Alou Appliance Center accumulates the following cost

Intermediate Accounting
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
VCRs 14,000 12,800


Compute the lower-of-cost-or-market valuation for the company's total inventory.
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