Buti Ltd incurred the following costs in respect of some inventory

M

Invoice price of raw materials 123,500

Transport costs from supplier to factory 5,700

Repair to damaged materials 15,900

Production labour 18,700

Production overheads 12,300

Administration and marketing overheads 24,600

Total 200,700

(5)

The following information relates to four dissimilar inventory items:

Product Range Cost NRV

A 600 720

B 370 250

C 430 480

D 190 240

Required:

State the value of inventory which should appear in the statement of financial position.