Exercise 6-09

Bramble Camera Shop Inc. uses the lower-of-cost-or-net realizable value basis for its inventory. The following data are available at December 31.

		Units		Cost per Unit		Net Realizable Value per Unit
Cameras
Minolta		5		$173		$151
Canon		8		135		156
Light Meters
Vivitar		12		120		110
Kodak		11		115		143

What amount should be reported on Bramble Camera Shops financial statements, assuming the lower-of-cost-or-net realizable value rule is applied?

Total

$Enter a dollar amount that should be reported on $companys financial statements