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d. consistency. . Issac Company developed the following information about its inventories in applying the lower-of-cost-market (LCM) basis in valuing Ending inventories: Product Market 5

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d. consistency. . Issac Company developed the following information about its inventories in applying the lower-of-cost-market (LCM) basis in valuing Ending inventories: Product Market 5 Cost $110,000 80,000 160,000 $120,000 76,000 162,000 If Issac applies the LCM basis, the value of the inventory reported on the balance sheet would be a. $350,000 b. $342,000 c. $346,000 d. $362,000

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