$13.$

A company has determined its year$-$end inventory on a FIFO basis to be $$520,000.$ Information pertaining to that inventory is as follows:

Selling price

$ $530,000$

Costs to sell

$35,000$

Replacement cost

$455,000$

What should be the reported value of inventory if the company prepares its financial statements according to International Financial Reporting Standards $($IFRS$)?$