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Example In Year 2, A business has four items of inventory. A count of the inventory has established that the amounts of inventory currently held, at cost, are as follows: $ Inventory item A1 5000 Inventory item A2 6000 Inventory item B1 8000 Inventory item C1 3000 Inventory items A1 and C1 are no longer used in normal business operations, due to a major change in business strategy. The inventory of item A1 could be disposed of for $4,800 less selling costs of $800. The inventory of item C1 could be disposed of for $7,000 less selling costs of $200. Requirement What should be the value for inventory in the statement of financial position