Wildhorse Camera Shop Inc. uses the lower-of-cost-or-net realizable value basis for its inventory. The following...
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Wildhorse 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 5 7 $158 147 Cameras Minolta Canon Light Meters Vivitar Kodak $156 150 12 9 127 108 103 130 What amint channel harcaraman Chru What amount should be reported on Wildhorse Camera Shop's financial statements, assuming the lower-of-cost-or-net realizable value rule is applied? Total $
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