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4 of 5 < > View Policies -/1 E Current Attempt in Progress Kingbird Camera Shop uses the lower-of-cost-or-net realizable value basis for its inventory.
4 of 5 < > View Policies -/1 E Current Attempt in Progress Kingbird Camera Shop uses the lower-of-cost-or-net realizable value basis for its inventory. The following data are available at December 31. Item Units Unit Cost Net Realizable Value Cameras Minolta 8 # 170,400 #155,400 Canon 6 149,200 153,000 Light Meters Vivitar 12 124,000 114,600 Kodak 14 114,600 134,900 Determine the amount of the ending inventory by applying the lower-of-cost-or-net realizable value basis. The ending inventory
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