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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
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 Cost per Unit Units Cameras Minolta $179 $144 Canon 8 160 160 180 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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