On the 31 March 2022 Fosh Ltd had 24 000 units of product X in inventory, included at cost of $12.00 per unit. During April 2022 units of X were being sold at a price of $10.80 per unit, with sales personnel receiving 15% commission on the sale of the product.

Required:

Determine the amount of inventory of product X that should be recognized in the financial statements of Fosh Ltd as at 31 March 2022.