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Wildhorse 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
Wildhorse 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 $ 158 $ 156 Canon 7 147 150 Light Meters Vivitar 12 127 103 Kodak 9 108 130 What amount should be reported on Wildhorse 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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