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.

		Units		Cost per Unit		Net Realizable Value per Unit
Cameras
Minolta		5		$187		$173
Canon		7		160		170
Light Meters
Vivitar		12		116		108
Kodak		10		114		125

What amount should be reported on Splish Brothers Camera Shops financial statements, assuming the lower-of-cost-or-net realizable value rule is applied?

Total

$Enter a dollar amount that should be reported on Unresolveds financial statements