Kay Mart company is preparing financial statements and provides the following information about several of its major inventory terms at year end If Kay Mart uses the lower-of-cost-or-market rule (LCM), what should it report as the balance of inventory if a market value is computed for all inventories. If Kay Mart uses the lower-of-cost-or-market rule (LCM), what should it report as the balance of inventory if a market value is computed for each inventory type