Company X had the following information: inventory at cost of $570, selling value of inventory of $590, inventory cost of completion of $30, inventory cost of distribution of $50, normal profit margin of $35, and inventory replacement cost of $550. What is the market value amount to be used in the determination of the inventorys market value in the lower-of-cost-or-market method of inventory?

Group of answer choices below

$510

$550

$475

$570