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Waterway Frame Camera Shop 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

Waterway Frame Camera Shop 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

Market Value

Cameras:Minolta9$170$154Canon6151153Light meters:Vivitar12122110Kodak20120135

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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