128 A Limited is engaged in manufacturing of Chemical Y for which Raw Material X is required. The company provides you following information for the year ended 31st March, 2020. . Per unit Raw Material X Cost price Freight Inward Replacement cost Chemical Y Material consumed Direct Labour Variable Overheads Additional Information: 400 40 320 440 120 80 (i) Total fixed overhead for the year was 4,00,000 on normal capacity of 25,000 units. (ii) Closing balance of Raw Material X was 1,000 units and Chemical Y was 2,400 units. You are required to calculate the total value of closing stock of Raw Material X and Chemical Y according to AS 2, when Net realizable value of Chemical Y is $.600 per unit