Vaughn 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 Cost value
A $111000 $119000
B 81000 74000
C 153000 162000
If Vaughn applies the LCNRV basis, the value of the inventory reported on the balance sheet would be ___
(A) $338000.
(B) $355000.
(C) $362000.
(D) $345000.
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