it is december​ 31, the end of the​ year, and the controller of corporation is applying the​ lower-of-cost-or-market (lcm) rule to inventories. before any​ year-end adjustments, the company reports the following​ data: loading...​(click the icon to view the​ data.) determines that the net realizable value of ending inventory is . show what should report for ending inventory and for cost of goods sold. identify the financial statement where each item appears. question content area bottom part 1 financial statement where item is reported balance to be reported inventory cost of goods sold