WD1 6-9

Exercise 6-9 Sweet Acacda, Inc. uses the lower-of-cost-or-market basis for its inventory. The following data are available at December 31 Cost Market per Unit Units per Unit Minolta $179 153 $143 158 Light Meters Vivitar Kodak 13 132 120 119 130 What amount should be reported on Sweet Acacia, Inc.'s financial statements, assuming the lower-of-cost-or-market rule is applied