Horton Company applies a form of conservatism, the lower-of-cost-or-market (LCM) basis, when it values its inventories. Below is the information for the inventories of its three products: Product Cost Market $115,000 $125,000 100,000 93,000 152,000 162,000 Based on this information, the value of the inventory reported on Horton's balance sheet would be O $380,000 $370,000. $367,000. O $360,000 Click if you would like to Show Work for this question: Qpen Show Work