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Coronado Company developed the following information about its inventories in applying the lower-of-cost-or-net realizable value (LCM) basis in valuing inventories. Net realizableProductCost value A$112000$125000B 80000

Coronado Company developed the following information about its inventories in applying the lower-of-cost-or-net realizable value (LCM) basis in valuing inventories. Net realizableProductCost value A$112000$125000B 80000 75000C 155000165000

post cost net realized value
a 112000 125000
b 80000 75000
c 155000 165000

If Coronado applies the LCNRV basis, the value of the inventory reported on the balance sheet would be

a)$347000.

b)$365000.

c)$342000.

d)$370000.

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