Blossom Company 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 Market A $135000 $142000 B 94000 90000 C 189000 191000 After Blossom Company applies the LCNRV rule, the value of the inventory reported on the balance sheet would be

414,000

Explanation:

After Blossom Company applies the LCNRV rule, the value of the inventory reported on the balance sheet would be calculated as the addition of the lower between the market and.cost for each product. This will be:

Product A: Lower of 135000 or 142000 = 135,000

Product B: Lower of 94000 or 90000 = 90,000

Product C: Lower of 189000 or 191000 = 189,000

Value of inventory will then be:

= 135,000 + 90,000 + 189,000

= 414,000

=

the specific actions take by the fed. what the fed was attempting to do by taking these actions. the result of the actions taken by the fed

answer(b); ; ; the quantitative or qualitative variable for which the experimenter wishes to determine how its value is affected by the explanatory variable;