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Sheridan Frame Camera Shop uses the lower-of-cost-or-net realizable value basis for its inventory. The following data are available at December 31 Net Realizable Item Units

Sheridan Frame Camera Shop uses the lower-of-cost-or-net realizable value basis for its inventory. The following data are available at December 31 Net Realizable Item Units Cost per Unit Value per Unit Cameras Minolta 12 $168 $155 Canon 6 154 156 Light Meters: Vivitar Kodak 18 13. 12 125 115 20 120 135 What amount should be reported for inventory on Sheridan Frame Camera Shop's balance sheet, assuming the lower-of-cost-or-net realizable value rule is applied The ending inventory S

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