Question: need help please rrent Attempt in Progress The following information is available for Concord Company at December 31, 2018: beginning inventory $180000; ending nventory $120000;

rrent Attempt in Progress The following information is available for Concord Company at December 31, 2018: beginning inventory $180000; ending nventory $120000; cost of goods sold $1575000; and sales $1680000. Concord's inventory turnover in 2018 is 10.5 times. O 8.9 times. O 11.2 times. O 13.0 times. Save for Later Attempts: 0 of 1 used Submit Ansu 19 O If Current Attempt in Progress Sheridan 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 A Cost $110000 77000 value $113000 72000 163000 B 159000 If Sheridan applies the LCNRV basis, the value of the inventory reported on the balance sheet would be $348000 O $353000 O $341000 $346000 19 A O
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