The inventory of a motor vehicle dealer presents the following information at the end of the accounting period:

Cost Estimated cost before sale Sale Price

Vehicle 1 16,500 1,250 18,000 Vehicle 2 17,500 1,000 20,000 Vehicle 3 11,900 1,240 14,000 Vehicle 4 10,500 2,760 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.