E6.11 (LO 4), AP Digital Camera Shop Inc. uses the lower-of-cost-or-net realizable value basis for its inventory. The following data are available at December 31. Cost per Unit Cameras Minolta Canon Light Meters Vivitar Kodak Units 57 12 10 $170 145 125 120 Net Realizable Value per Unit $158 152 114 135 Instructions What amount should be reported for inventory on Digital Camera Shop's balance sheet, assuming the lower-of-cost-or-net realizable value rule is applied?

E6.11 (LO 4), AP Digital Camera Shop Inc. uses the lower-of-cost-or-net realizable value basis for its inventory. The following data are available at December 31. Instructions What amount should be reported for inventory on Digital Camera Shop's balance sheet, assuming the lower-of-cost-or-net realizable value rule is applied