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Optix Camera Shop uses the lower-of-cost-or-net realizable value basis for its inventory. The following data...

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Optix Camera Shop uses the lower-of-cost-or-net realizable value basis for its inventory. The following data are available at December 31. Units Unit Cost Net Realizable Value Cameras: Minolta Canon Light meters: $170 150 $156 152 Vivitar 12 115 135 125 Kodak 14 120 Determine the amount of the ending inventory by applying the lower-of-cost-or-net realizable value basis. The ending inventory

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