Solution-What amount should be reported for inventory

What amount should be reported for 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	Cost per Unit	Net Realizable Value per Unit
Cameras:
Minolta	12	$170	$152
Canon	8	150	152
Light Meters:
Vivitar	16	121	111
Kodak	15	120	135

Required - What amount should be reported for inventory on Bramble Frame Camera Shop's balance sheet, assuming the lower-of-cost-or-net realizable value rule is applied?

Reference no: EM133189055

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What amount should be reported for inventory

Reference no: EM133189055

Reference no: EM133189055

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