1 E6.9 G H K M N 2 AP Digital Camera Shop Inc. uses the lower-of-cost-or-net realizable value basis for its inventory. The following data are available at December 31. 3 4 Determine LCNRV valuation. 5 6 Units Cost per Unit Cost or NRV per Unit Units NRV TOTAL 7 Cameras B Minolta 5 $ 170 $ 158 5 $ 9 Canon 7 $ 145 $ 152 7 $ 10 Light Meters 11 Vivitar 12 Kodak 125 10 125 $ 120 $ 114 12 $ 135 10 $ 13 TOTAL $ 14 Instructions 4,373 15 16 What amount should be reported on Digital Camera Shop's financial statements, assuming the lower-of-cost-or-net realizable value rule is applied? 17 18