Deerfield Company developed the following information about its inventories in applying the lower of cost and net realizable value in valuing inventories: 
After Deerfield Company values its inventory at the lower of cost or net realizable value, the value of the inventory reported on the balance sheet would be
A) $227,000.
B) $220,000.
C) $225,000.
D) $218,000.
Correct Answer:
Verified
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