Errol, a sole trader, finds that he has 1000 units of inventory at 30 November
2018. He had purchased 2500 units of this product at a price of $10. During
the year he had sold 1500 units at $25 each. Out of the remaining, he
discovered that 100 units had a net realisable value of only $15. What was
the value of his inventory at 30 November 2018?
A $10 000
B $10 500
C $15 000
D $24 000