At the end of an accounting period, the cost of a company's inventory is R540 000. This includes damaged items with a cost of R30 000 which are expected to be sold for only R12 000 (commission of 5% of the sales value will be incurred). All other items of inventory have a net realisable value which exceeds cost.

What is the amount at which the company's inventory should be recognised at the end of the period?

 (2 Marks)

Answer:  R

Note: Enter only the amount (do not show your calculation, and do not make use of spaces, full-stops, commas or R-signs). Example: 745000