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Suppose that Home Depot developed the following information about its inventories in applying the Lower-of-Cost-or-Net Realizable Value (LCNRV) basis in valuing inventories: After Home Depot

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Suppose that Home Depot developed the following information about its inventories in applying the Lower-of-Cost-or-Net Realizable Value (LCNRV) basis in valuing inventories: After Home Depot applies the LCNRV rule, the value of the inventory reported on the balance sheet will be $358,000$354,000$362,000$350,000

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