1. The following inventory information was taken from Kleinfeld Inc. records: 
2. Historical cost $12,000
3. Replacement cost $7,000 
4. Expected selling price $9,000 
5. Expected selling cost $500
6. Normal markup 10% of price 

 Required

1. Assume that after your adjustment, the expected sale price increases to $13,000. (All other facts being equal.) 
2. What adjustment to inventory should be made under IAS 2 after this event?