It is December 31, the end of the year, and the controller of Durtz Corporation is applying the lower-of-cost-or-market (LCM) rule to inventories. Before any year-end adjustments, Durtz reports the following data: Cost of goods sold. $ 375,000 Historical cost of ending inventory, as determined by a physical count 58,000 Durtz determines that the current replacement cost of ending inventory is $43,000. Show what Durtz should report for ending inventory and for cost of goods sold. Identify the financial statement where each item appears. Inventory will be reported on the at $