Best Buy uses the lower-of-cost-or-net realizable value basis for its inventory. The following data are available at December 31.

Current Attempt in Progress 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 $