Brady Corporation values its inventory at the lower of cost or net realizable value as required by IFRS. Brady has the following information regarding its inventory:

Historical cost	$1,000
Estimated selling price	900
Estimated costs to complete and sell	50
Replacement cost	800

What is the amount for inventory that Brady should report on the balance sheet under the lower of cost or net realizable value method?

a. $1,000

b. $ 900

c. $ 850

d. $ 750