A company has a stock of goods consisting of four different groups of items. The cost and net realizable value of each group is shown in the table below.
|
Group of items |
Cost |
Net realizable value |
|
£ |
£ |
|
|
A |
1,000 |
1,400 |
|
B |
1,000 |
800 |
|
C |
2,100 |
1,900 |
|
D |
3,000 |
3,100 |
Required
Calculate the amount to be shown as the value of the company’s stock.