Multiple Choice $490,000. $440,000. $470,000. $500,000

A company has determined its year-end inventoty on a FIFO basis to be $500,000. Information pertaining to that inventoty is as follows: Selling price Costs to sell Replacement cost $ 520,ee 30 , ee ee What should be the reported value of inventory if the company prepares its financial statements according to International Financial Reporting Standards (IFRS)? Multiple Choice O O O O S490,OOO_ S440,ooo S470,ooo_ ssoo,ooo_