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Showing posts with label Olsson Video Center. Show all posts
Showing posts with label Olsson Video Center. Show all posts

Friday, October 9, 2015

Olsson Video Center accumulates the following cost and market data at December 31

ACC 290 Week 5 Assignment

BE6-7 Olsson Video Center accumulates the following cost and market data at December 31.

Inventory Cost Market
Categories Data Data
Cameras $12,500 $13,400
Camcorders 9,000 9,500
DVDs 13,000 12,200

Compute the lower-of-cost-or-market valuation for Olsson inventory.

Click here for the solution: Olsson Video Center accumulates the following cost and market data at December 31