Crane Company uses LIFO and a perpetual inventory system for its leading product, Z$.$ Given the historical cost of product $Z$ is $$33,$ the selling price of product $Z$ is $$38,$ costs to sell product $Z$ are $$3,$ the replacement cost for product $Z$ is $$34,$ and the normal profit margin is $40\%$ of sales price, what is the amount that should be used to value the inventory under the lower$-$of$-$cost$-$or$-$market method?

$$35$

$$31$

$$33$

$$34$