Question: Sahara Company uses the LIFO inventory method and has inventory with the following characteristics: Selling price $165 Packaging cost 10 Transportation cost 15 Normal profit

Sahara Company uses the LIFO inventory method and has inventory with the following characteristics: Selling price $165 Packaging cost 10 Transportation cost 15 Normal profit margin 40 Please compute the constraints on the market value ? If the current replacement cost -Market value is $95 , what market value you should choose ? Then if the cost is $100, then under the Lower of Cost or Market, what will be the value you will choose for the inventory?

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