Question: . Current Attempt in Progress Kingbird Camera Shop Inc. uses the lower-of-cost-or-net realizable value basis for its inventory. The following data are available at December

. Current Attempt in Progress Kingbird Camera Shop Inc. uses the lower-of-cost-or-net .

Current Attempt in Progress Kingbird Camera Shop Inc. uses the lower-of-cost-or-net realizable value basis for its inventory. The following data are available at December 31. Net Realizable Value per Unit Units Cost per Unit Cameras Minolta $179 $143 5 7 Canon 153 158 Light Meters Vivitar Kodak 13 132 119 9 120 130 What amount should be reported on Kingbird Camera Shop's financial statements, assuming the lower-of-cost-or-net realizable value rule is applied? Total $

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