The Sycamore Company has inventories which include the following four items:
|
Description |
Purchase cost |
Selling price |
Cost of selling |
|
£ |
£ |
£ |
|
|
Engine |
6,500 |
8,250 |
350 |
|
Chassis |
2,000 |
1,800 |
200 |
|
Frame |
4,800 |
4,900 |
300 |
What amount should be reported as total inventory in respect of these three items?