Pharoah 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 Cameras: Minolta Canon Light meters: Vivitar Kodak Units 7 11 14 The ending inventory 12 Unit Cost $ $175 142 130 120 Net Realizable Value per Unit $157 176 111 What amount should be reported for inventory on Pharoah Camera Shop's balance sheet, assuming the lower-of-cost-or-net realizable value rule is applied? 132

Pharoah Camera Shop Inc. uses the lower-of-cost-or-net realizable value basis for its inventory. The following data are available at December 31 . What amount should be reported for inventory on Pharoah Camera Shop's balance sheet. assuming the lower-of-cost-or-net realizable value rule is applied? The ending inventory