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Coronado Video Center accumulates the following cost and net realizable data at December 31.

\begin{tabular}{|l|c|c|}
\hline
\begin{tabular}{l}
Inventory \\
Categories
\end{tabular} &
\begin{tabular}{c}
Cost \\
Data
\end{tabular} &
\begin{tabular}{c}
Net Realizable \\
Value Data
\end{tabular} \\
\hline
Cameras & \[tex]$12,200 & \$[/tex]12,400 \\
\hline
Camcorders & \[tex]$9,000 & \$[/tex]9,500 \\
\hline
Blu-ray players & \[tex]$14,900 & \$[/tex]13,800 \\
\hline
\end{tabular}

Compute the lower-of-cost-or-net realizable value valuation for the company's total inventory.

The lower-of-cost-or-net realizable value: \[tex]$ $[/tex]\square$

Sagot :

GinnyAnsweridn
To determine the lower-of-cost-or-net realizable value for each item in Coronado Video Center's inventory at December 31, we need to compare the cost with the net realizable value for each inventory category and select the lower value. Here’s a step-by-step breakdown:

### Step-by-Step Solution:

1. List the cost and net realizable value for each inventory category:

- Cameras:
- Cost: \[tex]$12,200 - Net Realizable Value: \$[/tex]12,400

- Camcorders:
- Cost: \[tex]$9,000 - Net Realizable Value: \$[/tex]9,500

- Blu-ray players:
- Cost: \[tex]$14,900 - Net Realizable Value: \$[/tex]13,800

2. Determine the lower of the cost or net realizable value for each category:

- For Cameras, the cost is \[tex]$12,200 and the net realizable value is \$[/tex]12,400. The lower value is \[tex]$12,200. - For Camcorders, the cost is \$[/tex]9,000 and the net realizable value is \[tex]$9,500. The lower value is \$[/tex]9,000.
- For Blu-ray players, the cost is \[tex]$14,900 and the net realizable value is \$[/tex]13,800. The lower value is \[tex]$13,800. 3. Sum the lower values to find the total lower-of-cost-or-net realizable value for the inventory: - Cameras: \$[/tex]12,200
- Camcorders: \[tex]$9,000 - Blu-ray players: \$[/tex]13,800

Total Lower Value = \[tex]$12,200 + \$[/tex]9,000 + \[tex]$13,800 = \$[/tex]35,000

Therefore, the lower-of-cost-or-net realizable value valuation for Coronado Video Center's total inventory is \$35,000.
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