Current Attempt in Progress Nash's Trading Post, LLC developed the following information about its inventories in applying the lower-of-cost-or-net-realizable-val ue(LCNRV) basis in valuing inventories: Product Cost MarketA $84000 $89000 B 59000 56000 C 118000 120000 After Nash's Trading Post, LLC applies the LCNRV rule, the value of the inventory reported on the balance sheet would be:. a. $261000. b. $265000. c. $258000. d. $268000.
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