Best Buy uses the lower$-$of$-$cost$-$or$-$net realizable Best Best Buy uses the lower$-$of$-$cost$-$or$-$net realizable value basis for its inventory. The following data are available at

December $31.$

What amount should be reported on Best Buy's financial statements, assuming the lower$-$of$-$cost$-$or$-$net realizable

value rule is applied?

Total $