Question: error and its effect on the financial stater E6.11 (LO 4), AP Digital Camera Shop Inc. uses the lower-of-cost-or-net realizable value basis inventory. The following

 error and its effect on the financial stater E6.11 (LO 4),

error and its effect on the financial stater E6.11 (LO 4), AP Digital Camera Shop Inc. uses the lower-of-cost-or-net realizable value basis inventory. The following data are available at December 31. Cost Net Realizable Value per Unit Units per Unit 5 7 $170 145 $158 152 Cameras Minolta Canon Light Meters Vivitar Kodak 12 125 120 114 135 10 Instructions What amount should be reported for inventory on Digital Camera Shop's balance sheet, assuming a lower-of-cost-or-net realizable value rule is applied

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