Boost LTE 11:25 PM @ 54% 12. Jenks Company developed the following information about its inventories in applying the lower of cost or market (LCM) basis in valuing inventories: Product Cost Market A$27,500 $30,000 B 20,000 19,000 C 40,000 40,500 If Jenks applies the LCM basis, the value of the inventory reported on the balance sheet would be A)$87,500. B)$90,500. C)$86,500 D)$85,500. B I U q we r t y u i O a S d f - g h j k Z V b n m x 123 space return