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Remaining Time: 17 minutes, 37 seconds. Question Completion Status: Od Cost of goods sold Retained earnings $3,200 $3,200 QUESTION 15 Merriman Manufacturing has determined its year-end inventory on a LIFO basis to be $620,000 Information pertaining to the inventory is as follows: Selling price $740,000 Costs to sel $ 39,900 Normal profit margin $ 90,000 Replacement cost $640,000 What should be the reported value of Morriman's inventory? O a $700,100 6.540,000 c. $620,000 Od. $610,100 QUESTION 16 Click Save and Submit to save and submit. Click Save All Answers to save allant Save All Answers F9 F2 F3 F4 F6 F7 FB F10 F5 $ 4 % 5 3 6 7 9 8 R T T Y U