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Metlock Camera Shop Inc uses the lower-of-cost-or net realizable value basis for its inventory. The following data are available at December 31 Net Realizable Value

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Metlock Camera Shop Inc uses the lower-of-cost-or net realizable value basis for its inventory. The following data are available at December 31 Net Realizable Value Units Cost per Unit per Unit 5 17 $179 138 5121 143 Cameras Minolta Canon Light Meters Vivitar Kodak 12 11 120 118 LOB 148 What amount should be reported on Matlock Camera Shop's financial statements, assuming the lower of cost or netralizable value rule is applicat Total 5

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