Question: Americus Camera Shop uses the lower-of-cost-or-market basis for its inventory. The following data are available at December 31. InstructionsDetermine the amount of the ending inventory

Americus Camera Shop uses the lower-of-cost-or-market basis for its inventory. The following data are available at December 31.

Units Market Item Cameras: Minolta Canon Light meters: Vivitar Kodak Unit Cost

InstructionsDetermine the amount of the ending inventory by applying the lower-of-cost-or-marketbasis.

Units Market Item Cameras: Minolta Canon Light meters: Vivitar Kodak Unit Cost $170 150 $156 152 5 12 14 115 135 125 120

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