Marigold 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		Cost per Unit		Net Realizable Value per Unit
Cameras
Minolta		5		$176		$155
Canon		7		147		149
Light Meters
Vivitar		12		121		116
Kodak		10		113		140

What amount should be reported on Marigold Camera Shops financial statements, assuming the lower-of-cost-or-net realizable value rule is applied?

Total

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