Sheffield Corp. uses the lower-of-cost-or-market basis for its inventory. The following data are available at December 31. Cost per Unit Market per Unit Units Cameras Minolta Canon $187 $161 148 155 Light Meters 127 110 105 129 Vivitar 12 Kodak 10 What amount should be reported on Sheffield Corp.'s financial statements, assuming the lower-of-cost-or-market rule is applied? Total