TB MC Qu. 9-56 (Algo) Madison Co. has determined its year-end... Madison Co. has determined its year-end inventory on a LIFO basis to be $611,000. Information pertaining to that inventory is as follows: Selling price Costs to sell Normal profit margin Replacement cost $731,000 35,400 85,500 631,000 What should be the reported value of Madison's inventory? Multiple Choice $611,000. $695,600. O $631,000. O O $610.100