The Everything Store Has Just Removed a Demonstrator from Display

Multiple Choice

The Everything Store has just removed a demonstrator from display and demonstration-it will be sold at a reduced price. The original price was $180 and the original cost was $140. Additional information: $\begin{array} { | l | l | } \hline \text { Estimated repairs before selling } & \$ 20 \\\hline \text { Estimated selling price reduced to } & 120 \\\hline \text { Estimated selling costs } & 7 \\\hline \text { Normal profit margin } & 1 / 3 \\\hline\end{array}$
The demonstrator will be included in the used inventory balance. What inventory value should be assigned to the used demonstrator?

A) $73
B) $80
C) $93
D) $120