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Inventory that originally cost $12400 was written down to its net realizable value of $10600 at the end of 2021. At the end of 2022,
Inventory that originally cost $12400 was written down to its net realizable value of $10600 at the end of 2021. At the end of 2022, the net realizable value is determined to be $12900. At what amount should the inventory be reported on the December 31, 2022 statement of financial position?
$12900
$12400
$10600
$10900
Please show calculations if necessary
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