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41 Montana Co. has determined its year-end inventory on a FIFO basis to be $630,000. Information pertaining to that inventory is as follows: Selling price

image text in transcribed 41 Montana Co. has determined its year-end inventory on a FIFO basis to be $630,000. Information pertaining to that inventory is as follows: Selling price $610,000 Costs to sell 37,000 Replacement cost 541,000 What should be the reported value of Montana's inventory? $594,000 $610,000 $541,000 $573,000 2 pts

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