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Blue Spruce Corp.developed the following information about its inventories in applying the lower-of-cost-or-net-realizable- value(LCNRV) basis in valuing inventories: Product Cost Market A $ 132000 $

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Blue Spruce Corp.developed the following information about its inventories in applying the lower-of-cost-or-net-realizable- value(LCNRV) basis in valuing inventories: Product Cost Market A $ 132000 $ 139000 B 93000 88000 C 186000 188000 After Blue Spruce Corp. applies the LCNRV rule, the value of the inventory reported on the balance sheet would be O $ 406000. O $411000. $415000. O $ 420000

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