Blossom Camera Shop Inc. uses the lower-of-cost-or-net realizable value basis for its inventory. The following data are available at December 31.

Units		Cost per Unit		Net Realizable Value per Unit
Cameras
Minolta		5		$178		$149
Canon		7		153		161
Light Meters
Vivitar		13		136		111
Kodak		10		111		141

What amount should be reported on Blossom Camera Shops financial statements, assuming the lower-of-cost-or-net realizable value rule is applied?

Total

$