Whispering Winds Camera Shop Inc. uses the lower-of-cost-or-net realizable value basis for its inventory. The following...

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Whispering Winds Camera Shop Inc. uses the lower-of-cost-or-net realizable value basis for its inventory. The following data are available at December 31. Item Units Unit Cost Net Realizable Value Cameras: Minolta 3 $174 $165 Canon 12 141 190 Light meters: Vivitar Kodak 20 222 15 138 107 125 135 What amount should be reported for inventory on Whispering Winds Camera Shop's balance sheet, assuming the lower-of-cost-or-net realizable value rule is applied? SU Whispering Winds Camera Shop Inc. uses the lower-of-cost-or-net realizable value basis for its inventory. The following data are available at December 31. Item Units Unit Cost Net Realizable Value Cameras: Minolta 3 $174 $165 Canon 12 141 190 Light meters: Vivitar Kodak 20 222 15 138 107 125 135 What amount should be reported for inventory on Whispering Winds Camera Shop's balance sheet, assuming the lower-of-cost-or-net realizable value rule is applied? SU