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LBC manufactures mechanical talkative recorder, which trade under the name 'Talkative. In the year ended 31st December 2017, 10,000 Talkatives were manufactured and the related
LBC manufactures mechanical talkative recorder, which trade under the name 'Talkative". In the year ended 31st December 2017, 10,000 Talkatives were manufactured and the related costs were: Materials Labour Depreciation of Machinery Factory rates Selling expenses Expenses at head office Abnormal loss GHC 3,000 4,000 2,000 1,000 3,000 2,000 3,000 In addition to the information above, at 31st December 2017, there were 2,000 Talkatives in inventory. Required: Assuming that these have a resale value of GHCS and a Net Realisable Value of GHC1.15 each, what value should be placed on the closing inventory
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