Angourie Corp has inventory on hand that cost $290 000. Investigations indicate that the best alternative for the company with respect to the inventory is to sell it to Crescent Ltd for $300 000.

Crescent Ltd requires that the inventory be modified at Angourie Corps cost of $20 000. Crescent Ltd also requires Angourie Corp to deliver the products to its location as part of the sale agreement. These transportation costs will be $5000.

What amount should be reported in the balance sheet for the inventory of Angourie Corp?