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Current Attempt in Progress tions Inse Sheffield Camera Shop Inc. uses the lower-of-cost-or-net realizable value basis for its inventory. The following data are available at

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Current Attempt in Progress tions Inse Sheffield Camera Shop Inc. uses the lower-of-cost-or-net realizable value basis for its inventory. The following data are available at December 31 4/7 On- Net Realizable Value per Unit Units Cost per Unit Surces Cameras Minolta 5 $161 E131 $159 160 Canon B Light Meters Vivitar 12 1201 06 112 Kodak 9 What amount should be reported on Sheffield Camera Shop's financial statements, assuming the lower-of-cost-or-net realizable value rule is applied? Total $

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