Ayayai Corp. developed the following information about its inventories in applying the lower-of-cost-or-net-realizable-value(LCNRV) basis in valuing inventories: pport Product Cost Market $107000 $113000 75000 71000 150000 152000 After Ayayal Corp. applies the LCNRV rule, the value of the inventory reported on the balance sheet would be $328000 $336000 $340000 $332000. eTextbook and Media Attempts: 0 of 3 used Submit Answer Save for Later