Question: Please answer problem #9, SHOWING ALL WORK ACCORDINGLY. Thank you! Waterway Industries accumulates the following cost and net realizable value data at December 31. Inventory

Please answer problem #9, SHOWING ALL WORK ACCORDINGLY. Thank you!

Waterway Industries accumulates the following cost and net realizable value data at December 31. Inventory Categories Cost Data $ 11,330 Net Realizable Value $ 12,480 Cameras Camcorders DVDs 8,700 9.550 11.310 9,960 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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