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Question 23 iew Policies urrent Attempt in Progress Sunland Company developed the following information about its inventories in applying the lower-of-cost-or-net-realizable-value(LCNRV) basis in valuing inventories:

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Question 23 iew Policies urrent Attempt in Progress Sunland 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 Market A $109000 $115000 77000 73000 154000 156000 After Sunland Company applies the LCNRV rule, the value of the inventory reported on the balance sheet would be $348000. O $336000. $344000 O $340000

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