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Stockholm Co. accounts for its inventory using the last-in, first-out (LIFO) method. The data below concern items in Stockholm Co.s inventory. Per Unit Gear Stuff

Stockholm Co. accounts for its inventory using the last-in, first-out (LIFO) method. The data below concern items in Stockholm Co.s inventory.

Per Unit

Gear

Stuff

Wickets

Historical cost

$190.00

$106.00

$53.00

Selling price

217.00

145.00

73.75

Cost to complete and sell

19.00

8.00

2.50

Current replacement cost

203.00

105.00

51.00

Normal profit margin

32.00

29.00

21.25

The cost amount that Stockholm Co. should use in the lower-of-cost-or-market (LCM) comparison of stuff is

Group of answer choices

$105

$108

$106

$137

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