Blossom Camera Shop Inc. uses the lower-of-cost-or-net realizable value basis for its inventory. The following data...

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Blossom Camera Shop Inc. uses the lower-of-cost-or-net realizable value basis for its inventory. The following data are avail

business accounting

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Answer 1

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Answer #1

Cost of inventory

= (5*149)+(7*153)+(13*111)+(10*111)

= 745+1071+1443+1110

= 4369

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Answer 2

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