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Question 4 of 7 ./4 Sheffield Frame Camera Shop uses the lower-of-cost-ornet reliable value basis for its inventory. The following data are available at December

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Question 4 of 7 ./4 Sheffield Frame Camera Shop uses the lower-of-cost-ornet reliable value basis for its inventory. The following data are available at December 31 Item Units Cost per Unit Net Realizable Value per Unit Cameras Minolta 9 $163 $150 Canon 9 155 157 Light Meters: Vivitar 18 122 113 Kodak 14 120 135 What amount should be reported for inventory on Sheffield Frame Camera Shop's balance sheet, assuming the lower-of-cost-ornet realizable value rule is applied? The ending inventory GF

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