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Exercise 6-12 Sunland Company uses the lower-of-cost-or-net realizable value basis for its inventory. The following data are available at December 31 Net Realizable Value Item

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Exercise 6-12 Sunland Company uses the lower-of-cost-or-net realizable value basis for its inventory. The following data are available at December 31 Net Realizable Value Item Cameras: Minolta Units Unit Cost $178 141 $156 Canon 9 189 Light meters: Vivitar 15 135 114 Kodak 16 118 138 Determine the aount of the ending inventory by applying the lower-of-cost-or-net realizable value basis The ending inventory

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