Current Attempt in Progress At May 31, Waterway Company has net sales of $360,000 and cost of goods available for sale of $245,000. Compute the estimated cost of the ending inventory, assuming the gross profitrate is 35%. Estimated cost of ending inventory $ e Textbook and Media Save for Later Attemnts of read December 31 Net Realizable Value per Unit Item Units Cost per Unit Cameras Minolta 7 $169 $155 Canon 7 150 152 Light Meters: Vivitar 14 121 112 Kodak 20 120 135 What amount should be reported for inventory on Lily Frame Camera Shop's balance sheet, assuming the lower-of-cost-or-net realizable value rule is applied? The ending inventory $ Coronado Company applied FIFO to its inventory and got the following results for its ending inventory Cameras 140 units at a cost per unit of $62 Blu-ray players 190 units at a cost per unit of $70 iPods 120 units at a cost per unit of $83 The net realizable value at year-end was cameras $74, Blu-ray players $68, and IPods $78, Determine the amount of ending inventory at lower-of-cost-or-net realizable value, Ending inventory $