At what amount should deirdre value her closing inventory

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Question - Deirdre valued her closing inventory at $76,380. Included in this amount are the following two inventory lines:

1. 65 DVD recorders at cost $100 each. A fault has been discovered with these machines, which will cost $2,000 in total to rectify, before selling the recorders for $145 each.

2. 1,400 VHS video tapes at cost $5 each. Due to the introduction of DVDs, demand for these tapes has reduced, and they could now be sold for only $2 each.

Required - At what amount should Deirdre value her closing inventory?

Reference no: EM132967641

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