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Waterway 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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Waterway 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 Units per Unit 5 $184 $147 Cameras Minolta Canon Light Meters Vivitar 8 154 162 12 114 104 Kodak 9 109 127 What amount should be reported on Waterway Camera Shop's financial statements, assuming the lower-of-cost-or-net realizable value rule is applied? Total $

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