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Sunland Camera Shop Inc. uses the lower-of-cost-or-net realizable value basis for its inventory. The following data are available at December 31. Item Units Unit Cost

Sunland Camera Shop Inc. uses the lower-of-cost-or-net realizable value basis for its inventory. The following data are available at December 31.

Item

Units

Unit Cost

Net Realizable Value

Cameras:

Minolta

3 $178 $156

Canon

9 141 189

Light meters:

Vivitar

15 135 114

Kodak

16 118 138

What amount should be reported for inventory on Sunland Camera Shops balance sheet, assuming the lower-of-cost-or-net realizable value rule is applied?

The ending inventory

$enter the ending inventory amount in dollars

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