Question 4 of 7 0/4 View Policies Show Attempt History Current Attempt in Progress * Your answer is incorrect. Crane Frame Camera Shop uses the lower-of-cost-or-net realizable value basis for its inventory. The following data are available at December 31 Item Units Net Realizable Value per Unit Cost per Unit Cameras: 5 $160 $150 Minolta Canon Light Meters: 6 150 152 Vivitar 12 120 110 Kodak 14 120 135 What amount should be reported for inventory on Crane Frame Camera Shop's balance sheet, assuming the lower-of-cost-or-net realizable value rule is applied? The ending inventory 3240 e Textbook and Media Save for Later Attempts: 3 of 5 used Submit