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Sweet Acacia, Inc. uses the lower-of-cost-or-market basis for its inventory. The following data are available...

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Accounting

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Sweet Acacia, Inc. uses the lower-of-cost-or-market basis for its inventory. The following data are available at December 31. Cost per Unit Market per Unit Units Cameras Minolta 5 $179 $143 Canon 153 158 Light Meters Vivitar 13 132 119 Kodak 120 130 What amount should be reported on Sweet Acacia, Inc.'s financial statements, assuming the lower-of-cost-or-market rule is applied? Total $

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