Current Attempt in Progress Vaughn Manufacturing uses the lower-of-cost-or-market basis for its inventory. The following data are available at December 31. Cost per Unit Market per Unit Units Cameras 5 $159 $150 8 160 163 Minolta Canon Light Meters Vivitar Kodak 12 135 116 10 109 131 What amount should be reported on Vaughn Manufacturing's financial statements, assuming the lower-of-cost-or-market rule is applied? Amount reported on financial statements $