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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. Net Realizable Value per

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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. Net Realizable Value per Unit Units Cost per Unit 5 8 $179 160 $144 180 Cameras Minolta Canon Light Meters Vivitar Kodak 12 10 113 116 109 142 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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