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Exercise 6-12 Crane Frame Camera Shop uses the lower-of-cost-or-net realizable value basis for its inventory. The following data are available at December 31 Units Unit

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Exercise 6-12 Crane Frame Camera Shop uses the lower-of-cost-or-net realizable value basis for its inventory. The following data are available at December 31 Units Unit Cost Market Value Item Cameras: $153 156 $162 154 12 Minolta 7 Canon Light meters 112 123 14 Vivitar 120 135 15 Kodak Determine the amount of the ending inventory by applying the lower-of-cost-or-net realizable value basis. The ending inventory s LINK TO TEXT

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