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Question 13 of 13 071 Skysong Camera Shop Inc uses the lower-of-cost-or-net realizable value basis for its inventory. The following data are available December 31

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Question 13 of 13 071 Skysong Camera Shop Inc uses the lower-of-cost-or-net realizable value basis for its inventory. The following data are available December 31 Units Net Realizable Value Unit Cost 6 Item Cameras: Minolta Canon Light meters: Vivitar Kodak $173 146 11 $163 170 13 18 136 125 104 128 What amount should be reported for inventory on Skysong Camera Shop's balance sheet, assuming the lower-of-cost-or.net realizable value rule is applied? The ending inventory

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