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 6 12 10 Cost per Unit $165 149 114 120 Net Realizable Value per Unit $163 162 113 123 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