D Your answer is incorrect. Best Buy uses the lower-of-cost-or-net realizable value basis for its inventory. The following data are available at December 31. Cameras Minolta Canon Light Meters Vivitar Kodak Total Units $ 5 7 12 11 Cost per Unit $179 138 120 118 Net Realizable Value per Unit $171 143 108 What amount should be reported on Best Buy's financial statements, assuming the lower-of-cost-or-net realizable value rule is applied? 148 K

Best Buy uses the lower-of-cost-or-net realizable value basis for its inventory. The following data are available at December 31. What amount should be reported on Best Buy's financial statements, assuming the lower-of-cost-or-net realizable value rule is applied? Total