QUESTION IAS 2.10 The following information is available in respect of Dolo Ltd, a manufacturing concern: Calculation of historical cost of manufactured inventory - per unit Rand Raw materials (1 kg per unit) 6,25 Labour 2.25 Variable overheads 3,50 Fixed overheads 2,00 14,00 Additional information 1. More competitors have entered the market resulting in the selling price being reduced by R5 to R20. The R20 represents the average price at which finished goods can be sold. 2. Delivery costs of products sold amount to 20% of the selling price. 3. Commission payable on sales is calculated at 15% of the selling price. Required Calculate the net realisable value per unit of inventory of Dolo Ltd in accordance with the requirements of International Financial Reporting Standards (IFRS)