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Marigold Corp, Inc. uses the lower-of-cost-ornet realizable value basis for its inventory. The following data are available at December 31. Item Units Unit Cost Net

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Marigold Corp, Inc. uses the lower-of-cost-ornet 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 on Marigold Corp's financial statements, assuming the lower-of-cost-or-net realizable value rule is applied? The ending inventory $

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