Question: Please answer problem #12, SHOWING ALL WORK ACCORDINGLY ON ALL PARTS. Thank you! Novak Corp. accumulates the following cost and net realizable value data at

Please answer problem #12, SHOWING ALL WORK ACCORDINGLY ON ALL PARTS. Thank you!

Novak Corp. accumulates the following cost and net realizable value data at December 31 Inventory Categories Cost Data Cameras $12.020 Camcorders 8.200 DVDs 10.150 Net Realizable Value $13.070 8.930 9.080 Compute the lower-of-cost-or-net realizable value for company's inventory The lower-of-cost-or-net realizable value $

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