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 +A Units $ 5 7 12 10 Cost per Unit $187 148 127 110 Net Realizable Value per Unit $161 155 What amount should be reported on Best Buy's financial statements, assuming the lower-of-cost-or-net realizable value rule is applied? 105 129

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