View Policies Current Attempt in Progress Pina Colada 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 $125000 $132000 B 88000 84000 C 176000 178000 After Pina Colada Corp. applies the LCNRV rule, the value of the inventory reported on the balance sheet would be $385000 $394000. $389000 $398000. a o | BRI Type here to search