The inventory of a motor vehicle dealer presents the following information at the end of the accounting period: Cost Estimated costs before Expected selling price of the sale Vehicle 1 Vehicle 2 Vehicle 3 Vehicle 4 16,200 1,250 17,500 1,000 11,900 1,240 10,600 2,760 18,000 20,000 14,000 15,000 Dealer salespeople are paid a commission when they sell the vehicle. The commission is determined as 5% of the sale price. Required: Determine the value at which each vehicle will be presented in the dealer's financial statements under IAS 2