Americus Camera Shop uses the lower of cost or market basis for its inventory. The following data are available at December 31. Item Units Unit Cost Market Cameras Minolta 5 $172 $158 Canon 6 151 153 Light Meters Vivitar 12 119 109 Kodak 14 109 124 Instructions Determine the amount of the ending inventory by applying the lower of cost or market basis to the total inventory.