Sullivan Corporation has determined its year-end inventory on a FIFO basis to be $524,000. Information pertaining to that inventory is as follows: Selling price Costs to sell Replacement cost $532,000 36,000 458,000 What should be the reported value of Sullivan's inventory? Multiple Choice $524,000 $494,000 $458,000 O $524,000. O $494,000. O $458,000. $496,000