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The Hamilton and Partner Trading buys and sells antiques. The following information is available about the value of their trade stock: Office Original cost Estimated

The Hamilton and Partner Trading buys and sells antiques. The following information is available about the value of their trade stock:

Office Original cost Estimated sales price Distribution cost

Victorian furniture set 27,000 22,000 4,000

Edwardian kitchen set 58,000 56,000 2,000

The wedding shoes of II. 12,000 20,000 4,000

Calculate the value of stock for Hamilton and Partner Trading for the inclusion in the accounts (based on prudence concept).

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