Goods costing $11,000 weredamaged but could be repaired at a cost of $1,200. Further marketing cost of$800 will be incurred. The final expected final sale value of thee damagedgoods is $12,500.

STATE the rule to beapplied for disclosing the value of the balance stocks in the financialstatement. CACULATE the value of the goods to be recorded. (State the rule andthe value to be used.)