Question: Optix Camera Shop uses the lower-of-cost-or-market value for its inventory. The following data are available at December 31. Determine the amount of the ending inventory

Optix Camera Shop uses the lower-of-cost-or-market value for its inventory. The

Optix Camera Shop uses the lower-of-cost-or-market value for its inventory. The following data are available at December 31. Determine the amount of the ending inventory by applying the lower-of-cost-or-market value basis. The ending inventory $

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