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urrent Attempt in Progress Crane Company developed the following information about its inventories in applying the lower-of-cost-or-net realizable value (LCM) basis in valuing inventories. If
urrent Attempt in Progress Crane Company developed the following information about its inventories in applying the lower-of-cost-or-net realizable value (LCM) basis in valuing inventories. If Crane applies the LCNRV basis, the value of the inventory reported on the balance sheet would be $367000.$348000$369000$346000
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