Gulbane holds 2,000 units items of an end-of-life range at the reporting date, at a unit cost of 45. In January, it sells them all at a unit price of 38, with unit selling costs of 2. What amount should be recognised at the reporting date and what write-down?
- Quantity in inventory at the reporting date
- 2,000
- Unit cost
- 45
- Unit selling price obtained after the reporting date
- 38
- Unit selling costs
- 2