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Kholoud Company developed the following information about its inventories in applying the lower of cost or net realizable value (LCNRV) basis in valuing inventories Product

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Kholoud Company developed the following information about its inventories in applying the lower of cost or net realizable value (LCNRV) basis in valuing inventories Product Cost NRV $100.000 $110.000 B $70,000 $67,000 $53,000 $55.000 D $40,000 $38.000 E $23,000 $22.000 if Kholoud Company applies the LCNRV on the total basis, the value of the inventory reported on the balance sheet would be $286,000 B $280,000 $298,000 G. D. $292.000

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