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Asap!!! Suppose that Cullumber Depot developed the following information about its inventories in applying the lower-of-cost-or-net-realizable-value (LCNRV) basis in valuing inventories: Product Cost NRV A

Asap!!! Suppose that Cullumber Depot developed the following information about its inventories in applying the lower-of-cost-or-net-realizable-value (LCNRV) basis in valuing inventories: Product Cost NRV A $116000 $122000 B 82000 78000 C 163000 165000 After Cullumber Depot applies the LCNRV rule, the value of the inventory reported on the balance sheet will be $365000. O $361000. @O$357000.

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