Best Buy uses the lower-of-cost-or-net realizable value basis for its inventory. The following data are available at December 31. Cameras Minolta Canon Light Meters Vivitar Kodak Total Units LA 5 7 12 10 Cost per Unit $170 145 125 120 Net Realizable Value per Unit $158 152 114 What amount should be reported on Best Buy's financial statements, assuming the lower-of-cost-or-net realizable value rule is applied? 135

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