Concord Corporation has old inventory on hand that cost $27750. Its scrap value is $37000. The inventory could be sold for $92500 if manufactured further at an additional cost of $27750. What should Concord do? Hold the inventory at its $27750 cost. Manufacture further and sell it for $92500. Sell the inventory for $37000 scrap value. Dispose of the inventory to avoid any further decline in value