Crane Company developed the following information about its inventories in applying the lower-of-cost-or-net realizable value (LCM) basis in valuing inventories: Product B Cost $117000 78000 151000 Net realizable value $119000 76000 164000 If Crane applies the LCNRV basis, the value of the inventory reported on the balance sheet would be O $346000 $344000 $359000. O $361000