Question: Please help to solve and explain the steps in this question. Thank you. Brief Exercise 6-08 Swifty Video Center accumulates the following cost and net

Please help to solve and explain the steps in this question. Thank you.

Brief Exercise 6-08 Swifty Video Center accumulates the following cost and net realizable data at December 31. Net Inventory Cost Realizable Categories Data Value Data Cameras $16,800 $17,220 Camcorders 13,300 13,580 Blu-ray players 19,600 18,060 Compute the lower-of-cost-or-net realizable value valuation for the company's total inventory. The lower-ofcostornet realizable value $

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