10) Madison Co. has determined its year-end inventory on a LIFO basis to be $600,000. Information pertaining to that inventory is as follows: Selling price Costs to sell Normal profit margin Replacement cost $ 720,000 30,000 80,000 620,000 What should be the reported value of Madison's inventory? A) $610,000 B) $690,000 C) $620,000 D) $600,000