Question: An engineering company manufactures high-end automotive accessories. It reports under US GAAP and uses LIFO. The company is replacing its inventory for the coming year and has determined that its existing inventory has become obsolete. An analyst gathers the following information: Per-Unit Inventory USD Original cost 105 Selling price 150 Replacement cost 96 Net realizable value 100 Normal profit margin 7 The per-unit value that the company reports for the existing inventory is closest to: A $96 B $100 C $110