Duck company developer

Duck Company developed the following information about its inventories in applying the lowerof cost or market (LCM) basis in valuing inventories: Product $55,000 40,000 80,000 $60,000 38,000 81,000 If Duck applies the LCM basis, the value of the inventory reported on the balance sheet would be 171,000 175,000 173.000 181.000 uestion 12 (1 point) should be recognized in the principle dictates that revenue The revenue recognition 15 F3