Moore Ltd produces canned goods for different supermarkets in the US. On December 31 2018, the closing inventory was valued at cost, $150,000. Upon closer inspection, 5% of this inventory exceeded the sell by date and would not be able to sell in the future. Furthermore, the sale pattern (after the year-end) of one of the canned goods seemed to suggest it was not selling well. Moore Ltd would normally have a selling price of a mark-up of 30% on cost. Moore Ltd decided to offer a 50% discount on that selling price. There was $10,000 worth of canned goods in the closing inventory. What is the closing inventory to be included in the Balance Sheet as at December 31 2018? A. 142,500 B. 139,000 C. 137,500 D. 132,500