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  3. at the end of an accounting period, the cost of te

At the end of an accounting period, the cost of Terry plc's inventory is 500,000....

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Accounting

At the end of an accounting period, the cost of Terry plc's inventory is 500,000. This inlcudes damaged items with a cost of 30,000 which are expected to be sold for only 15,000 (less selling expenses of 5%). All other items of inventory have a net realisable value that exceeds cost. The amount at which the company's inventory should be recognised at the end of the period is:

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