A business has an item in inventory that originally cost ( 140) and usually sells for (

Question:

A business has an item in inventory that originally cost $£ 140$ and usually sells for $£ 200$. But it is damaged, and before it can be sold for $£ 200$ it must be repaired at a cost of $£ 50$. Selling costs are expected to amount to $10 \%$ of selling price. The item should be valued in inventory at:

(A) $£ 135$

(B) $£ 90$

(D) $£ 140$

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