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

Item		Units			Unit Cost			Net Realizable Value
Cameras:
Minolta		3			$172			$152
Canon		9			140			170
Light meters:
Vivitar		13			130			100
Kodak		16			117			128

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

The ending inventory

$enter the ending inventory amount in dollars

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