Never Company Developed the Following Information About Its Inventories in Applying

Multiple Choice

Never Company developed the following information about its inventories in applying the lower-of-cost-or-net realizable value (LCNRV) basis in valuing inventories:
$\begin{array}{rrr}\text { Product }&\text { Cost }&\text { NRV }\\\text { A } & \$ 114,000 & \$ 120,000 \\\text { B } & 80,000 & 76,000 \\\text { C } & 160,000 & 162,000\end{array}$

If Never applies the LCNRV basis, the value of the inventory reported on the statement of financial position would be

A) $\$ 354,000$ .
B) $\$ 358,000$ .
C) $\$ 350,000$ .
D) $\$ 362,000$ .