Question: CALCULATOR PRINTER VERSION BOX Multiple Choice Question 149 Oriole Company developed the following information about its inventories in applying the lower of cost or market

CALCULATOR PRINTER VERSION BOX Multiple Choice Question 149 Oriole Company developed the following information about its inventories in applying the lower of cost or market (LCM) basis invaluing inventories: Product Cost Market 5128000 $134000 90000 85000 C 179000 161000 If Oriole applies the LCM basis, the value of the inventory reported on the balance sheet would be 5405000 $400000 $392000 $397000 Click if you would like to Show Work for this questioni Coen Show Work

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