Marigold Company developed the following information about its inventories in applying the lower-of-costor-net realizable value (LCM) basis in valuing inventories. If Marigold applies the LCNRV basis, the value of the inventory reported on the balance sheet would be \begin{tabular}{|} \hline$375000 \\ \hline$354000 \\ $362000 \\ $367000 \\ \hline \end{tabular}