Time Run 26 Minute Question 13 5 pts Madison Co. has determined its year-end inventory on a LIFO basis to be $630,000. Information pertaining to that inventory is as follows: Selling price $ 720,000 Costs to sell 30.000 Normal profit margin 70,000 Replacement cost 610,000 What should be the reported value of Madison's inventory? 600,000 620,000 690,000 610,000 Next Previous