If we adapt International Accounting Standard (IAS) 2, and in the situation whereby the expected selling price subsequently increases, we should apply the following practice: Select one:

a. Sell the inventory immediately to take profit from the increased inventory value.

b. Prepare an adjustment to reverse the written-down inventory value.

c. Prepare no adjustment because a written-down inventory is not permitted to be reversed.

d. Sell the inventory at the replacement cost.