Question 6 of 7 Current Attempt in Progress 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. Item Cameras: Minolta Canon Light meters: Vivitar Kodak Units Unit Cost 4 9 14 17 $175 The ending inventory $ 148 137 118 Net Realizable Value $153 180 104 -/1 E 128 What amount should be reported for inventory on Splish Brothers Camera Shop's balance sheet, assuming the lower-of-cost-or-net realizable value rule is applied?

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. What amount should be reported for inventory on Splish Brothers Camera Shop's balance sheet, assuming the lower-of-cost-or-net realizable value rule is applied? The ending inventory