Question: Digital Camera Shop Inc. uses the lower-of-cost-or-market basis for its inventory. The following data are available at December 31. Instructions What amount should be reported

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

Digital Camera Shop Inc. uses the lower-of-cost-or-market basis for its

Instructions
What amount should be reported on Digital Camera Shop's financial statements, assuming the lower-of-cost-or-market rule is applied?

Cost Market Units per Unit per Unit Cameras Minolta Canon Light Metens Vivitar Kodak S170 145 $158 152 12 10 125 120 114 135

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