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

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Swifty Camera Shop Inc uses the lower-of-cost-or-net realizable value basis for its inventory. The following data are available at December 31 Cost per Unit Net Realizable Value per Unit Units Cameras Minolta 5 8 $179 160 $144 180 Canon Light Meters Vivitar 12 10 113 116 109 142 Kodak What amount should be reported on Swifty Camera Shop's financial statements, assuming the lower-of-cost-or-net realizable value rule is applied? Total $

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