Question: Crane 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 Units Unit Cost

 Crane Frame Camera Shop uses the lower-of-cost-or-net realizable value basis for

Crane 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 Units Unit Cost Market Value Cameras: Minolta 12 $162 $153 156 Canon 7 154 Light meters: Vivitar 14 123 112 Kodak 15 120 135 Determine the amount of the ending inventory by applying the lower-of-cost-or-net realizable value basis. The ending inventory S Click if you would like to Show Work for this question: Open Show Work LINK TO TEXT Question Atten

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