Question: Question 12 of 12 Question 12 of 12 View Policies Current Attempt in Progress Nash Camera Shop lnc uses the lower-of-cost-or-net realizable value basis for

Question 12 of 12 View Policies Current Attempt in Progress Nash Camera

Question 12 of 12

Question 12 of 12 View Policies Current Attempt in Progress Nash Camera Shop lnc uses the lower-of-cost-or-net realizable value basis for its inventory. The following data are available at December 31. Cameras Minolta Canon Light Meters Vivitar Kudak units per Unit $167 Realizable Value per Unit $164 156 114 What a mount should be reported on Nash Camera Shop's financial statements, assuming the lower-of-cost-or-net realiza ble value rule is applied? Total $

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