Question: Question 16 of 36 -/1 E CUTTER AMP Progress Vaughn Manufacturing developed the following information about its inventories in applying the lower-of-cost-or-net-realizable value(LCNRV) basis in

Question 16 of 36 -/1 E CUTTER AMP 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 $122000 A $116000 B 82000 78000 163000 165000 After Vaughn Manufacturing applies the LCNRV rule, the value of the inventory reported on the balance sheet would be O $361000 $357000 O $365000 O $369000

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