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Wildhorse Co. 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 $123000 $130000 B 86000

Wildhorse Co. 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

$123000 $130000

B

86000 82000

C

173000 175000

After Wildhorse Co. applies the LCNRV rule, the value of the inventory reported on the balance sheet would be

$378000.

$391000.

$387000.

$382000.

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