Question 12 Splish Brothers 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 Cost per Unit Units $187 5 7 $173 170 160 Cameras Minolta Canon Light Meters Vivitar Kodak 12 116 108 10 114 125 What amount should be reported on Splish Brothers Camera Shop's financial statements, assuming the lower-of-cost-or-net realizable value rule is applied? Total