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..The following inventory information was taken from the records of KIKO Ltd.9 Historical cost $12,000 Replacement cost $9,000 Expected selling Price $10,000 Expected selling cost

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..The following inventory information was taken from the records of KIKO Ltd.9 Historical cost $12,000 Replacement cost $9,000 Expected selling Price $10,000 Expected selling cost $500 Normal profit margin 10% of selling price ?Under U.S. GAAP, what should the balance sheet report for Inventory (2 ) $9.000 O $8,500 $9.500 $10,000 O

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