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Coronado 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

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Coronado 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 $ 158 $157 Canon 7 150 162 Light Meters Vivitar 12 122 114 Kodak 11 122 127 What amount should be reported on Coronado Camera Shop's financial statements, assuming the lower-of-cost-or-net realizable value rule is applied? Total 5 e Textbook and Media MacBook Pro ( 96 5 $ 4 8 7 2 3 6 8 9 O W E R T T Y U o S D F G H J L

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