Inventory That Originally Cost $20,000 Was Written Down to Its

Multiple Choice

Inventory that originally cost $20,000 was written down to its net realizable value of $18,500 in the last accounting period. At the end of the current accounting period, the net realizable value is determined to be $23,000. At what amount should the inventory be reported on the current period's statement of financial position?

A) $20,000.
B) $18,500.
C) $23,00000.
D) $16,000.