Inventory That Originally Cost $10,000 Was Written Down to Its

Multiple Choice

Inventory that originally cost $10,000 was written down to its net realizable value of $8,500 at the end of 2012. At the end of 2013, the net realizable value is determined to be $10,500. At what amount should the inventory be reported on the December 31, 2013 statement of financial position?

A) $10,500.
B) $10,000.
C) $9,500.
D) $8,500.