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Best Buy uses the lower-of-cost-or-net realizable value basis for its inventory. The following data are...

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Accounting

Best Buy uses the lower-of-cost-or-net realizable value basis for its inventory. The following data are available at December 31. Cameras Minolta Canon Light Meters Vivitar Kodak Total $ Units 5 Save for Later 7 13 9 eTextbook and Media Cost per Unit $179 153 132 120 Net Realizable Value per Unit $143 158 What amount should be reported on Best Buy's financial statements, assuming the lower-of-cost-or-net realizable value rule is applied? 119 130 Attempts: 0 of 3 used Submit Answer
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Best Buy uses the lower of cost-or-net realizable value basis for its inventory. The following data are awailable at December 31 What amouns should be reported on Best luys financialstatements, assuning the lower-of-cost-or-net realizabie value rule is applied

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