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Bonita Camera Shop Inc. uses the lower-of-cost-or-net realizable value basis for its inventory. The following data are available at December 31. Net Realizable Value per
Bonita Camera Shop Inc. uses the lower-of-cost-or-net realizable value basis for its inventory. The following data are available at December 31. Net Realizable Value per Unit Cost per Unit Units Cameras Minolta 5 8 $159 160 $150 163 Canon Light Meters Vivitar 12 10 135 109 116 131 Kodak 109 What amount should be reported on Bonita Camera Shop's financial statements, assuming the lower-of-cost-or-net realizable value rule is applied? Total $
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