Sheffield Corp. uses the lower-of-cost-or-market basis for its inventory. The following data are available at December 31. Cost Units per Unit Market per Unit Cameras Minolta 5 $187 $161 Canon 7 148 155 Light Meters Vivitar 12 127 105 Kodak 10 110 29 What amount should be reported on Sheffield Corp's financial statements, assuming the lower-of-cost or market rule is applied? Amount reported on financial statements 4201