Ryder Company has determined the cost of its fiscal year-end unfinished FIFO inventory to be $300,000. Information pertaining to that inventory at year-end:

Estimated selling price	$330,000
Estimated cost of disposal	20,000
Normal profit margin	15%
Current replacement cost	280,000
Estimated completion costs	15,000

Ryder has adopted the lower-of-FIFO-cost-or-net-realizable-value approach to valuing inventory.

What amount should Ryder report as inventory on its year-end balance sheet?

Answer Choices:

$330,000

$295,000

$280,000

$300,000