f Ch 6: End-of-Chapter Practice Question 5 of 6 -/1 = View Policies Current Attempt in Progress Bonita, Inc. uses the lower-of-cost-or-market basis for its inventory. The following data are available at December 31. Units Cost per Unit Market per Unit 5 $179 160 $144 180 8 Cameras Minolta Canon Light Meters Vivitar Kodak 12 113 116 109 142 10 What amount should be reported on Bonita, Inc.'s financial statements, assuming the lower-of-cost-or-market rule is applied? Amount reported on financial statements $ e Textbook and Media Save for Later Attempts: 0 of 3 used Submit