Question: Question 4 View Policies Current Attempt in Progress Skysong Camera Shop Inc. uses the lower-of-cost-or-net realizable value basis for its inventory. The following data are

 Question 4 View Policies Current Attempt in Progress Skysong Camera Shop

Question 4 View Policies Current Attempt in Progress Skysong 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 Cost per Unit Units Cameras Minolta $163 $165 149 Canon 162 Light Meters Vivitar 114 10 113 123 Kodak 120 123 What amount should be reported on Skysong Camera Shop's financial statements, assuming the lower-of-cost-or-net realizable value rule is applied? Total $

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