(b) The main activity of G&T Ltd is to buy old vehicles which are sold after converting them into a saleable condition. At 28 February 2019 (the end of the company's financial year) G&T Ltd had the following vehicles that were at various stages in the process of being converted to be ready for sale. Vehicle Purchase Price Costs incurred on bringing to present location Conversion costs incurred to date Expected further costs before sale Expected selling price w X 9,470 12,830 3,550 7,680 1,080 940 750 880 1,540 1,260 150 600 14,000 19,300 6,000 11,800 Z 460 2,200 Notes: 1. Expected selling expenses for each vehicle are 6% of the expected selling price. 2. A quarter of the conversion costs relate to materials. 20% of the cost of the materials used in the conversion is considered to be abnormal wastage. This was due to a poor quality type of material that had been used. Required: Compute, in accordance with IAS2 Inventories, the value at which the inventory of vehicles as at 28 February 2019 should be shown in the final accounts of G&T Ltd