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Current Attempt in Progress Vaughn Manufacturing developed the following information about its inventories in applying...

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Accounting

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Current Attempt in Progress Vaughn Manufacturing 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 $116000 $ 122000 B 82000 78000 C 163000 165000 After Vaughn Manufacturing applies the LCNRV rule, the value of the inventory reported on the balance sheet would be $ 357000. O $369000. O $365000. O $361000

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