Haskell Corporation has determined its year-end inventory on a FIFO basis to be $787,000. Information pertaining to that inventory is as follows: Selling price $808,000 Costs to sell 36,000 Replacement cost 766,000 What should be the reported value of Haskells inventory if the company prepares its financial statements according to International Financial Reporting Standards (IFRS)? $766,000. $787,000. $772,000. $701,000.