Q acg ch FlashcX Q ACO2021 Chap X Q y Bookmarks People Window Help w Tab X Microsoft Word x Quiz: Chapter 6 x 8/108208/quizzes/139011/take/questions/2539250 Accoun Teaching assistants (TAs) are also available to help students with graded and ungraded quiz questions. 0.5 pts Question 14 South Jenkins Company developed the following information about its inventories in applying the lower-of- cost-or-market (LCM) basis in valuing inventories: Category Cost Market $61,000 $52.000 60,000 37.000 75.000 83,000 If South Jenkins applies the LCM basis, the value of the inventory reported on the balance sheet would be $174.000 S187,000 $164.000 $167.000 S181.000 ACG 2021 -- N....pdf