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The Entertainment Center Accumulates the Following Cost and Market Data

Question 210

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The Entertainment Center accumulates the following cost and market data (in 000) at December 31. The Entertainment Center accumulates the following cost and market data (in 000) at December 31. What is the lower-of-cost-or-net realizable value of the inventory? What is the lower-of-cost-or-net realizable value of the inventory?

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