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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
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 $158 150 $157 162 Canon Light Meters Vivitar Kodak 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 $
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