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Tamarisk, Inc. 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 $119000 $125000 B

Tamarisk, Inc. 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 $119000 $125000 B 83000 79000 C 166000 168000 After Tamarisk, Inc. applies the LCNRV rule, the value of the inventory reported on the balance sheet would be $376000. $372000. $368000. $364000 image text in transcribed

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