Atelier Brunhilde manufactures furniture. At the reporting date, its inventories comprise three distinct, unrelated products. Finished lamps: cost 42,000, estimated selling price 50,000, selling costs 3,000. Finished tables: cost 27,000, estimated selling price 26,000, selling costs 1,500. Sideboards in progress: cost incurred 15,000, estimated selling price once completed 16,000, costs of completion 2,000, selling costs 800. Calculate the total write-down and the total carrying amount of these inventories.
- Lamps: cost
- 42,000
- Lamps: estimated selling price
- 50,000
- Lamps: selling costs
- 3,000
- Tables: cost
- 27,000
- Tables: estimated selling price
- 26,000
- Tables: selling costs
- 1,500
- Sideboards: cost incurred
- 15,000
- Sideboards: estimated selling price once completed
- 16,000
- Sideboards: costs of completion
- 2,000
- Sideboards: selling costs
- 800