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Nash 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

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Nash 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 per Unit Units Cost per Unit Cameras Minolta $167 $164 Canon 134 Light Meters Vivitar Kodak What amount should be reported on Nash Camera Shop's financial statements, assuming the lower-of-cost-or-net realizable value rule is applied? Total $

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