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At its year - end, Crocodile Ltd . has 6 0 0 items of product A and 2 , 0 0 0 of product B

At its year-end, Crocodile Ltd. has 600 items of product A and 2,000 of product B, costing $10 and $5, respectively. The following information is available: 500 items of product A are defective and can only be sold at $8 each; 100 items of product B are to be sold for $4.50 each with selling expenses of $1.50 each. What figure should appear in Crocodile's statement of financial position for the inventory?
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