rrent Attempt in Progress

Vaughn Frame Camera Shop 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 Vaughn Frame Camera Shop's balance sheet, assuming the lowerof$-$cost$-$or$-$net realizable value rule is applied?

The ending inventory

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