(Answered) Question - optix camera shop uses the

Accounting

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	$175	$158
Canon	9	144	177
Light meters:
Vivitar	13	136	113
Kodak	19	121	130

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

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