Suppose that Home Depot developed the following information…
Suppose that Home Depot developed the following information about its inventories in applying the lower-of-cost-or-net-realizable-value (LCNRV) basis in valuing inventories: Product Cost NRV A $114,000 $120,000 B 80,000 76,000 C 160,000 162,000 After Home Depot applies the LCNRV rule, the value of the inventory reported on the balance sheet will be