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Determine the amount of the ending inventory

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Question - Bramble Frame Camera Shop uses the lower-of-cost-or-net realizable value basis for its inventory. The following data are available at December 31.

Item

Units

Unit Cost

Market Value

Cameras:

 

 

 

Minolta

12

$170

$152

Canon

8

$150

$152

Light meters:

 

 

 

Vivitar

16

$121

$111

Kodak

15

$120

$135

Required - Determine the amount of the ending inventory by applying the lower-of-cost-or-net realizable value basis.

Reference no: EM132908131

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