4 4 pc 11.The following inventory information was taken from the records of Globekom Ltd.: 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 IAS 2, what should the balance sheet report for Inventory? O A) $9,000 O B) $8,500 O C) $9,500 OD) $10,000