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X Your answer is incorrect. Try again Swifty Company developed the following information about its inventories in applying the lower-of-cost-or-net realizable value (LCM) basis in

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X Your answer is incorrect. Try again Swifty Company developed the following information about its inventories in applying the lower-of-cost-or-net realizable value (LCM) basis in valuing inventories. Net realizable Product Costvalue A $112000$122000 76000 C153000 156000 84000 If Swifty applies the LCNRV basis, the value of the inventory reported on the balance sheet would be $349000. $341000 $354000 $362000. Click if you would like to Show Work for this question: Open Show Work

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