Exercise 6-9 Blue Spruce Corp. uses the lower-of-cost-or-market basis for its inventory. The following data are available at December 31. Cost Market Units per Unit per Unit Cameras Minolta Canon $168 133 $143 154 Light Meters Vivitar Kodak 114 109 12 100 128 What amount should be reported on Blue Spruce Corp.'s financial statements, assuming the lower-of-cost-or-market rule is applied? Total LINK TO TEXT VIDEO: APPLIED SKILLS VIDEO: SIMILAR EXERCISE Question Attempts: 1 of 3 used