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Tamarisk, 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

Tamarisk, 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 $180 $156
Canon 9 149 175
Light meters:
Vivitar 14 136 114
Kodak 20 117 130

Determine the amount of the ending inventory by applying the lower-of-cost-or-net realizable value basis.

The ending inventory

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