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