Aterix Company developed the following information about its inventories in applying the lower-of-cost-or-net realizable value (LCNRV) basis in valuing inventories: Product Cost $100,000 60,000 150,000 Net Realizable Value $90,000 $75,000 $140,000 If Aterix applies the LCNRV basis, the value of the total inventory reported on the balance sheet would be $310,000 $305,000 $315,000 $290,000