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The Vogelson Company Accumulates the Following Cost and Net Realizable

Question 56

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The Vogelson Company accumulates the following cost and net realizable value data at December 31. Inventory Categories Cost DataNRV  Camera $11,000$9,900 Camcorders 7,8008,500 DVDs 14,00012,000\begin{array}{lrr}\text {Inventory Categories}&\text { Cost Data}&\text {NRV }\\\hline\text { Camera } & \$ 11,000 & \$ 9,900 \\\text { Camcorders } & 7,800 & 8,500 \\\text { DVDs } & 14,000 & 12,000\end{array} What is the lower-of-cost-or-NRV amount for the inventory?

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