Tamarisk, Inc. just began business and made the following four inventory purchases in June June 1 162 units $972 June 10 216 units 1512 June 15 216 units 1728 June 28 162 units 1458 $5670 A physical count of merchandise inventory on June 30 reveals that there are 216 units on hand. Using the FIFO Inventory method, the amount allocated to ending inventory for June is $1890. $1350 $1297 $1944 Cheyenne Corp. 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 B $100000 $106000 70000 67000 141000 143000 After Cheyenne Corp.applies the LCNRV rule, the value of the inventory reported on the balance sheet would be $311000 $308000 $316000 $319000