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Windsor Camera Shop Inc. uses the lower-of-cost-or-net realizable value basis for its inventory. The following data are available at December 31. Cost Net Realizable Value
Windsor Camera Shop Inc. uses the lower-of-cost-or-net realizable value basis for its inventory. The following data are available at December 31. Cost Net Realizable Value per Unit Units per Unit $170 5 7 $159 159 154 Cameras Minolta Canon Light Meters Vivitar Kodak 11 115 120 106 123 11 What amount should be reported on Windsor Camera Shop's financial statements, assuming the lower-of-cost-or-net realizable value rule is applied? Total $
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