Crane Video Center accumulates the following cost and net realizable data at December 31.
Inventory
Categories
Cost
Data
Net Realizable
Value Data
Cameras
$12,000 $12,300 Camcorders
9,000 9,200 Blu-ray players
13,000 11,800 Compute the lower-of-cost-or-net realizable value valuation for the company’s total inventory.
The lower-of-cost-or-net realizable value $enter the lower-of-cost-or-net realizable value in dollars