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5 of 5 x -/4 Bonita Frame Camera Shop uses the lower-of-cost-or-net realizable value basis for its inventory. The following data are available at December
5 of 5 x -/4 Bonita Frame 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 Item Units Cost per Unit Value per Unit Cameras: Minolta 9 Canon 86 5161 $156 150 152 Light Meters: Vivitar 16 125 113 Kodak 17 120 135 What amount should be reported for inventory on Bonita Frame Camera Shop's balance sheet, assuming the lower-of-cost-or-net realizable value rule is applied
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