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Exercise 6-09 Oriole Camera Shop Inc. uses the lower-of-cost-or-net realizable value basis for its inventory. The following data are available at December 31. Net Reallzable

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Exercise 6-09 Oriole Camera Shop Inc. uses the lower-of-cost-or-net realizable value basis for its inventory. The following data are available at December 31. Net Reallzable Cost Value Units per Unit per Unit Cameras Minolta $165 $156 Canon 136 140 Light Meters Vivitar 11 137 103 Kodak 10 120 123 What amount should be reported on Oriole Camera Shop's financial statements, assuming the lower-of-cost-or-net realizable value rule is applied? Total

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