Question: Coronado Frame Camera Shop uses the lower-of-cost-or-net realizable value basis for its inventory. The following data are available at December 31. Item Cameras: Minolta Canon

Coronado Frame Camera Shop uses the lower-of-cost-or-net realizable value basis for its inventory. The following data are available at December 31. Item Cameras: Minolta Canon Light Meters: Vivitar Kodak Units Cost per Unit 5 7 14 14 $163 The ending inventory $ 150 121 120 Net Realizable Value per Unit $154 152 112 135 What amount should be reported for inventory on Coronado Frame Camera Shop's balance sheet, assuming the lower-of-cost-or-net realizable value rule is applied?

Coronado Frame Camera Shop uses the lower-of-cost-or-net realizable value basis for its inventory. The following data are available at December 31. What amount should be reported for imventory on Coronado Frame Camera Shop's balance sheet, assuming the lower-of-cost-or-net realizable value rule is applied? The ending inwentory

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