Capetown Ltd started business at the commencement of the current financial year. The company manufactures rugby balls. Costs did not fluctuate during the year. The following information is available in relation to its production activities:

At the end of the year there are no partly finished goods.

REQUIRED

Determine the value at which inventory should be disclosed in the year-end statement of financial position.

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Normal operating capacity (units) Goods produced (units) Opening finished goods inventory (units) Closing finished goods inventory (units) Opening value of raw materials inventory Closing value of raw materials inventory Factory wages Administration salaries Salespersons' salaries ($1 per unit sold) Factory rent Depreciation of factory equipment Factory supervisor's salary Rental of office equipment Raw materials purchased Sales price per unit Delivery and advertising costs per unit sold 200 000 200 000 Nil 50 000 Nil $200 000 $1 550 000 $100 000 $150 000 $150 000 $100 000 $50 000 $50 000 $600 000 $13.00 per unit $2.00