Question: Question 4 of 5 Question 4 of 5 View Policies Current Attempt in Progress Oriole Camera Shop Inc. uses thc lmvcr-of-cost-or-nct realizable value basis for

Question 4 of 5 View Policies Current Attempt in Progress Oriole Camera

Question 4 of 5

Question 4 of 5 View Policies Current Attempt in Progress Oriole Camera Shop Inc. uses thc lmvcr-of-cost-or-nct realizable value basis for its inventory, Thc following data arc available at December 31 Cameras Minolta Canon Light Meters Vivitar Kodak Units Cost per Unit $165 136 137 120 Net Realizable Value per unit $156 140 103 123 What amount should be reported On Oriole Camera Shop's financial Statements. assuming the lower-of-cost-or-net realizable value rule is applied? Total

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