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. Cameras Minolta Canon Light Meters Vivitar Kodak Total Units $ 5 7 12 10 Cost per Unit $183 139 123 119 Net Realizable Value per Unit $174 150 110 What amount should be reported on Sunland Camera Shop's financial statements, assuming the lower-of-cost-or-net realizable value rule is applied? 146

Sunland Camera Shop Inc. uses the lower-of-cost-or-net realizable value basis for its imventory. The following data are available at December 31 . What amount should be reported on Sunland Camera Shop's financial statements, assuming the lower-of-cost-or-net realizable value rule is applied