Accounting

Optix 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 Unit Cost Value Cameras: Minolta 5 $170 $156 Canon 6 150 152 Light meters: Vivitar 12 125 115 Kodak 14 120 135 Determine the amount of the ending inventory by applying the lower-of-cost-or-net realizable value basis. The ending inventory $