Concord Corporation has inventory on hand that cost $$16000.$ Its scrap value is $$25000.$ The inventory could be sold for $$65000$ if manufactured further at an additional cost of $$16200.$ What should Concord do$?$

Hold the inventory at its $$16000$ cost

Sell the inventory for $$25000$ scrap value

Manufacture further and sell it for $$65000$

Dispose of the inventory to avoid any further decline in value