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

		Units		Cost per Unit		Net Realizable Value per Unit
Cameras
Minolta		5		$187		$150
Canon		7		131		140
Light Meters
Vivitar		13		117		104
Kodak		9		125		141

What amount should be reported on Vaughn Camera Shops financial statements, assuming the lower-of-cost-or-net realizable value rule is applied?

Total

$Enter a dollar amount that should be reported on Unresolveds financial statements

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