Fiza trades as a carpenter. He makes furniture for customer at an agreed price of Tk.25,000. At the end
Fiza’s accounting year the job is unfinished and the following data have been assembled.
Cost incurred for making the furniture to date Tk.15,500
Further estimated cost to complete the job--- Tk.12,200
Total cost Tk.27,700
What will be the net realizable value of WIP?