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Tamarisk Camera Shop Inc. uses the lower-of-cost-or-net realizable value basis for its inventory. The following...

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Accounting

image Tamarisk Camera Shop Inc. uses the lower-of-cost-or-net realizable value basis for its inventory. The following data are available at December 31. What amount should be reported for inventory on Tamarisk Camera Shop's balance sheet, assuming the lower-of-cost-or-net realizable value rule is applied? The ending inventory

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