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x Your answer is incorrect Soplish Brothers Inc.uses the lower-of-cost-or-market basis for its inventory. The following data are available at December 31 Units Cost per

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x Your answer is incorrect Soplish Brothers Inc.uses the lower-of-cost-or-market basis for its inventory. The following data are available at December 31 Units Cost per Unit Market per Unit Cameras Minolta $158 $156 147 150 Light Meters Vivitar 12 127 103 Kodak 108 130 What amount should be reported on Splish Brothers Inc's financial statements, assuming the lower-of-cost-or-market rule is applied? Total 4215

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