Multiple Choice
Jenks Company developed the following information about its inventories in applying the lower-of-cost-or-net-realizable-value(LCNRV) basis in valuing inventories: 
After Jenks applies the LCNRV rule, the value of the inventory reported on the balance sheet would be
A) $354,000.
B) $358,000.
C) $350,000.
D) $362,000.
Correct Answer:
Verified
Correct Answer:
Verified
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