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Kingbird 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 Unit Cost Net

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Kingbird 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 Unit Cost Net Realizable Value 6 Item Cameras: Minolta Canon Light meters: Vivitar Kodak $172 150 $162 178 11 15 132 101 129 19 119 What amount should be reported for inventory on Kingbird Camera Shop's balance sheet, assuming the lower-of-cost-or-net realizable value rule is applied? The ending inventory $

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