The Maxa Company Normally Sells Its Inventory at a 20

The Maxa Company normally sells its inventory at a 20% profit margin on sales. In 2016, the net realizable value of inventory purchased for $75,000 declined to $66,000. There are no costs to complete and dispose of this inventory. Using the LIFO method what is the floor constraint on the valuation of this inventory using the lower of cost or market rule?

A) $60,000
B) $66,000
C) $79,200
D) $52,800