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Q58 Creve Couer Camera Inc. uses the lower-of- cost-or-market basis for its inventory. The following data are available at December 31. Item Number of Cost

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Q58 Creve Couer Camera Inc. uses the lower-of- cost-or-market basis for its inventory. The following data are available at December 31. Item Number of Cost per Unit Market Price per unit $ $ Units Vivitar 12 120 1141 Kodak 10 130 142 What amount should be reported on Creve Couer Camera's financial statements, as per IAS 2

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