A. What, if any, is the amount of the lower cost or market adjustment? B. What is

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A. What, if any, is the amount of the lower cost or market adjustment?

B. What is the journal entry to record the adjustment?

BCN, Co accumulates the following cost and market data at 12/31/XX.

Product	Cost	Market
12GB memory cards	$53,000	$45,000
Camera mounts	$28,000	$27,000
Waterproof camera covers	$14,000	$21,000
Camera light assembly	$6,000	$8,000
total	$101,000

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Posted Date: May 10, 2020 03:45 PM

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A. What, if any, is the amount of the lower cost or market adjustment? B. What is

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a Impairment Loss Product Cost Market Value Impairment Loss 12GB ... View the full answer

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