Saturday, May 23, 2015

3. O'Connor Video Center accumulates the following cost and market data at December 31

 O'Connor Video Center accumulates the following cost and market data at December 31.

 Inventory Categories                    Cost Data                             Market Data
 Cameras                                             $12,500                $13,400
 Camcorders                                       9,000                                    9,500    
 DVD\'s                                                   13,000                                  12,800  
Compute the lower of cost or market valuation for O\'Connor\'s inventory.

Click here: 3. O'Connor Video Center accumulates the following cost and market data at December 31