Vaughn Company developed the following information about its inventories in applying the lower-of-cost-or-net realizable value (LCM) basis in valuing inventories. Product Cost A $123000 Net realizable value $125000 72000 160000 B 83000 152000 If Vaughn applies the LCNRV basis, the value of the inventory reported on the balance sheet would be $368000 $357000 $358000 $347000