SLUI Jenks Company developed the following information about its inventories in applying the lower of cost or market (LCM) basis in valuing inventories: Product Cost Market A $114,000 $120,000 B 80,000 76,000 C 160,000 162,000 If Jenks applies the LCM basis, the value of the inventory reported on the balance sheet would be O A. $362,000 OB. $354,000 O C. $358,000 OD. $350,000 Reset Selection Mark for Review What's This