Montana Co $$\begin{array} { l r r } \text { Selling price } & \$ 620,000 \\\text { Costs to sell } & 30,000 \\\text { Cost } & 520,000\end{array}$$

Multiple Choice

Montana Co. has determined its year-end inventory on a FIFO basis to be $600,000. Information pertaining to that inventory is as follows: $$\begin{array} { l r r } \text { Selling price } & \$ 620,000 \\\text { Costs to sell } & 30,000 \\\text { Cost } & 520,000\end{array}$$ $$\text { What should be the reported value of Montarua's irventory? }$$

A) $600,000.
B) $520,000.
C) $590,000.
D) $620,000.