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Wolf Camera Shop Inc. uses the lower-of-cost-or- market basis for its inventory. The following data are available at December 31. (10 points) Units Cost/Unit Market

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Wolf Camera Shop Inc. uses the lower-of-cost-or- market basis for its inventory. The following data are available at December 31. (10 points) Units Cost/Unit Market Value/Unit Cameras Minolta Canon Light Meters Vivitar Kodak 5 $175 7 148 $165 152 15 10 125 115 119 135 Instructions What inventory value should be reported on Wolf Camera Shop's financial statements

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