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undefined Lisa Inc. uses the lower-of-cost-or-net-realizable-value (LCNRV) basis for its inventory. The following data are available at December 31 Units Cost/Unit NRV/Unit Cameras 6 $166

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Lisa Inc. uses the lower-of-cost-or-net-realizable-value (LCNRV) basis for its inventory. The following data are available at December 31 Units Cost/Unit NRV/Unit Cameras 6 $166 $171 149 7 159 Minolta Canon Light Meters Vivitar Kodak 15 118 121 122 11 135 What amount should be reported on Lisa's financial statements, assuming the lower-of-cost-or-net-realizable-value rule is applied? Total $

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