### Determine the amount of the ending inventory

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Question - Optix Camera Shop uses the lower-of-cost-or-market basis for its inventory. The following data are available at December 31.

 Item Units Unit Cost Market Cameras: Minolta 5 \$177 \$154 Canon 12 147 181 Light meters: Vivitar 15 130 105 Kodak 18 119 133

Determine the amount of the ending inventory by applying the lower-of-cost-or-market basis.

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