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 Units Total $ 5 8 11 a Cost per Unit $167 134 118 125 Net Realizable Value per Unit $164 156 114 145 What amount should be reported on Best Buy's financial statements, assuming the lower-of-cost-or-net realizable value rule is applied?

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