21. Never Company developed the following information about its inventories in applying the lower-of-cost-or-market (L.CM) basis in valuing inventories: Product Cost $114,000 80,000 160,000 Market $120,000 76,000 162,000 If Never applies the LCM basis, the value of the Ending Inventory (EI) reported orn the balance sheet would be A) $354,000. B) $358,000 C) $350,000. D) $362,000. 22. Paulson, Inc. has 5 computers which have been part of the inventory for over two years. Each computer cost S600 and originally retailed for $825. At the statement date, each computer has a current replacement cost of S350. What value should Paulson, Inc., have for the computers at the end of the year? A) $1,250. B) $1,750. C) $3,000. D) $4,125