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( 2 ) E 6 . 8 ( LO 4 ) Kinshasa Camera Shop uses the lower - of - cost - or - net

(2) E6.8(LO 4) Kinshasa Camera Shop uses the lower-of-cost-or-net realizable value basis for its inventory. The following data are available at December 31. Net Realizable Value Units Unit Cost 10 Item Cameras Minolta Canon Light meters: Vivitar Kodak W170,000150,000 W156,000152,0001212125,000115.000115,000135,00014 Instructions Determine the amount of the ending inventory by applying the lower-of-cost-or-net realizable value basis.

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