Crane Company uses LIFO and a perpetual inventory system for its leading product, Z. Given the historical cost of product Z is $33.00, the selling price of product Z is $38.00, costs to sell product Z are $3.00, the replacement cost for product Z is $34,00, 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? $35.00$33.00$31.00$34.00