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Splish Brothers Inc. developed the following information about its inventories in applying the lower-of-cost-or-net-realizadie value(LCNRV) basis in valuing inventories: Product Cost A B $137000

 

Splish Brothers Inc. developed the following information about its inventories in applying the lower-of-cost-or-net-realizadie value(LCNRV) basis in valuing inventories: Product Cost A B $137000 96000 192000 Market $144000 91000 194000 After Splish Brothers Inc. applies the LCNRV rule, the value of the inventory reported on the balance sheet would be

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