Current Attempt in Progress Sandhill Company uses LIFO and a perpetual inventory system for its leading...

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Current Attempt in Progress Sandhill Company uses LIFO and a perpetual inventory system for its leading product, Z. Given the historical cost of product Z is $41.00, the selling price of product Z is $46.00, costs to sell product Z are $3.00, the replacement cost for product Z is $42.00, and the normal profit margin is 40% of sales price, what is the market value that should be used in the lower-of-cost-or-market comparison? $42.00 $39.00 $43.00 $41.00 Current Attempt in Progress Sandhill Company uses LIFO and a perpetual inventory system for its leading product, Z. Given the historical cost of product Z is $41.00, the selling price of product Z is $46.00, costs to sell product Z are $3.00, the replacement cost for product Z is $42.00, and the normal profit margin is 40% of sales price, what is the market value that should be used in the lower-of-cost-or-market comparison? $42.00 $39.00 $43.00 $41.00