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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. Item Units Unit Cost
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. Item Units Unit Cost Net Realizable Value Cameras: Minolta 5. $179 $159 Canon 12 145 172 Light meters: Vivitar 14 132 101 Kodak 17 123 128 What amount should be reported for inventory on Marigold Camera Shop's balance sheet, assuming the lower-of-cost-or-net realizable value rule is applied? "The ending inventory $
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