Crane 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 $162 $153
Canon
7 154 156
Light meters:
Vivitar
14 123 112
Kodak
15 120 135

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

The ending inventory
$Enter the ending inventory in dollars