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Monty 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
Monty 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 Unit Cost 6 Item Cameras: Minolta Canon Light meters: Vivitar Kodak $178 140 $161 189 9 14 105 135 122 18 136 What amount should be reported for inventory on Monty Camera Shop's balance sheet, assuming the lower-of-cost-or-net realizable value rule is applied? The ending inventory $
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