The Cyclarde shop bought an electric bicycle for 2,400. At the reporting date, it expects to sell it for 2,650, with delivery and the salesperson's commission amounting to 380. No costs of completion are expected. Compute the net realisable value of the bicycle and its amount in inventories.
- Purchase cost of the bicycle
- 2,400
- Estimated selling price
- 2,650
- Estimated selling costs (delivery and commission)
- 380