QUESTION 10

1. Entity D developed the following information about its inventories in applying thelower-of-cost-or-net-realizable-value(LCNRV) basis in valuing inventories:
2. Product-- Cost---------------NRV
3. A----------- $114,000-------$120,000
4. B--------------80,000-----------76,000
5. C--------------160,000--------162,000
8. After Entity D applies the LCNRV rule, the value of the inventory reported on the balance sheet would be