Abbit co uses lifo for it's inventory valuation. given the historical cost of product z is $60, the selling price of product z is $50, costs to sell product z are $6, the replacement cost for product z is $41, and the normal profit margin is 40% of sales price, what is the amount that should be used to value the inventory?

Now ray has had the tires for two months and he notices that the tread has started to pull away from the tire. he has already contacted the place who sold the tires and calmly and accurately explained the problem. they didn’t him because they no longer carry that tire. so he talked with the manager and he still did not get the tire replaced. his consumer rights are being violated. pretend you are ray and write a letter to the company’s headquarters. here are some points to keep in mind when writing the letter: include your name, address, and account number, if appropriate. describe your purchase (name of product, serial numbers, date and location of purchase). state the problem and give the history of how you tried to resolve the problem. ask for a specific action. include how you can be reached.