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Kingbird, inc-developed the foliowing information about its inventories in applying the lower-of-cost-or-net-realizable-value(LCNRV) basis in valuing itrventories: After Kingbird, inc applies the LCNRV rule, the vatue

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Kingbird, inc-developed the foliowing information about its inventories in applying the lower-of-cost-or-net-realizable-value(LCNRV) basis in valuing itrventories: After Kingbird, inc applies the LCNRV rule, the vatue of the inventory reported on the balance sheet would be 5403000 5413000 |\$399000. $409000

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