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Sheffield Corp. has old inventory on hand that cost $11250. Its scrap value is $15000. The inventory could be sold for $37500 if manufactured further at an additional cost of $11250. What should Sheffield do?

Hold the inventory at its $15000 cost

Manufacture further and sell it for $37500

Sell the inventory for $15000 scrap value

Dispose of the inventory to avoid any further decline in value