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Question(s) / Instruction(s):

Americus Camera Shop uses the lower-of-cost-or-market basis for its inventory. The following data are available at December 31.
Item        Units    Unit Cost    Market
Cameras           
    Minolta    5    $170        $156
    Canon    6     150         152
Light Meters             
    Vivitar    12     125         115
    Kodak    14     120          135
Instructions
Determine the amount of the ending inventory by applying the lower-of-cost-or-market basis.
E6-9

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